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.
House Democrats to DOL: Fiduciary Reproposal Should Meet Certain Standards
By Melanie WaddellMore than 30 House Democrats sent a letter to Secretary of Labor Hilda Solis that not only thanked her for Phyllis Borzis decision to withdraw the DOLs proposed rule redefining the term fiduciary, but also set out specific areas the new rule should address when its reproposed in early 2012.
October 24, 2011
New DOL Rule on Investment AdviceThe 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.
October 24, 2011
New DOL Rule on Investment AdviceThe 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.
October 06, 2011
Treasury Set to Issue Lifetime Income Guidance; DOL to FollowThe Treasury Department plans to release soon guidance for employers on how best to integrate lifetime income products into 401(k)s and other employer-sponsored retirement plans, while the Department of Labor plans to follow with similar guidance early next year.
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.