DOL
Get the latest news and insights on the Department of Labor's moves around the fiduciary rule, other financial regulations, enforcement actions and more.
New DOL Rule on Investment Advice
By Arthur D. PostalThe conclusion to a long-running effort to update fiduciary law will now allow agents to provide computerized investment advice to 401(k) beneficiaries, under certain conditions.
August 04, 2011
Obama Gets Earful of Advisors’ DOL Fiduciary Rule ComplaintsAdvisors are taking their objections to the DOL's controversial rule amending the definition of fiduciary straight to the White House.
August 02, 2011
A Tale of Two Regulators: What DOL Can Teach the SECThe DOL’s consumer orientation provides a stark contrast to the SEC’s industry concerns.
July 26, 2011
Congress to DOL's Borzi: Repropose Fiduciary Rule, Too BroadLawmakers told EBSA head Borzi on Tuesday to repropose EBSA’s controversial regulation amending the definition of fiduciary because it's too broad and because the agency failed to examine the full cost of expanding the definition.
July 01, 2011
DOL's Rule 408(b)(2) Saga Continues: Further Compliance Extension LikelyBecause a final 408(b)(2) rule has yet to be issued by EBSA, retirement plan sponsors will likely need another extension beyond the current Jan. 1, 2012, date.
June 08, 2011
Former EBSA Head Campbell to DOL: Re-Propose Fiduciary RuleBrad Campbell, former head of EBSA, said Wednesday that he has been urging the DOL to “re-propose” its fiduciary regulation, but Phyllis Borzi, current EBSA head, tells AdvisorOne a re-proposal isn't coming.
April 04, 2011
ASPPA Wants DOL to Streamline Reporting RequirementsThe American Society of Pension Professionals & Actuaries is asking the Department of Labor to streamline the reporting requirements imposed on retirement plans by issuing new guidance.