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.
DOL’s Borzi: Industry Backlash on Fee Rules Is Unfounded
By Melanie WaddellPhyllis Borzi, Assistant Secretary of Labor at the EBSA, laid out on Monday EBSAs regulatory agenda for the rest of the year and clarified one area thats caused a backlash from retirement planning officials.
March 13, 2012
Industry Groups Press DOL for ‘Progress Report’ on Fiduciary RedraftThe Financial Services Institute and Financial Services Roundtable are pressuring the Department of Labor to release a progress report on the departments redrafting of its rule amending the definition of fiduciary under ERISA.
March 13, 2012
What Problem Exactly Is DOL Trying to Solve by Redefining ‘Fiduciary?'One thing we do know: the significant unintended consequence of forcing higher fees for IRA investors.
March 07, 2012
Stuck in (Business Model) NeutralAn intense effort to create a uniform fiduciary standard remains unresolved after more three years of effort, something insurance agents and investment advisors should be concerned about.
March 06, 2012
DOL Faces Bi-Partisan Pushback Against Proposed Fiduciary StandardFifty-five House Republicans have joined 30 House Democrats in requesting that the Department of Labor significantly narrow its definition of fiduciary in a rule the agency is currently drafting that would impact the sale of retirement products.
March 06, 2012
Stuck in (Business Model) NeutralAn intense effort to create a uniform fiduciary standard remains unresolved after more three years of effort, something insurance agents and investment advisors should be concerned about.
March 02, 2012
IRI, SIFMA and FSR Rip Fiduciary StandardThree financial services industry trade groups are signaling to the Department of Labor (DOL) that they will fight tooth-and-nail to sustain the current exemption of the sale of retirement investment products from a fiduciary standard.
March 02, 2012
IRI, SIFMA and FSR Rip Fiduciary StandardThree financial services industry trade groups are signaling to the Department of Labor (DOL) that they will fight tooth-and-nail to sustain the current exemption of the sale of retirement investment products from a fiduciary standard.