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 Faces Bi-Partisan Pushback Against Proposed Fiduciary Standard
By Arthur D. PostalFifty-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 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 01, 2012
Advisors Weigh In on Presidential RaceA recent poll of individual advisor members of the Financial Services Institute (FSI) found that those representatives overwhelmingly believe former Massachusetts Governor Mitt Romney will win the Republican presidential nomination, the Senate will shift to Republican control and that the economy will stay flat while taxes will go up.
February 29, 2012
DOL ‘Disappointed’ With Industry Input on Fiduciary IRA RequestThe Department of Labors EBSA says it is disappointed that industry trade groups could not provide more data by the Feb. 24 deadline, and it's "bewildered" that the data underlying the Oliver Wyman report is "not forthcoming."
February 27, 2012
The SEC Begins Fiduciary Fact-Finding MissionThe Securities and Exchange Commission plans to ask the investment industry soon to provide it with the information needed to craft an analysis of the potential impact of a uniform fiduciary standard on investors and producers.
February 27, 2012
The SEC Begins Fiduciary Fact-Finding MissionThe Securities and Exchange Commission plans to ask the investment industry soon to provide it with the information needed to craft an analysis of the potential impact of a uniform fiduciary standard on investors and producers.
February 16, 2012
DOL Deadline on Fiduciary IRA Request Set for Feb. 24The Department of Labors Employee Benefits Security Administration (EBSA) has given industry trade groups until Feb. 24 to fulfill the departments request regarding what impact the conflicts of interest faced by brokers who advise on IRAs have on IRA investors.
February 13, 2012
Obama's 2013 Budget Calls for Stronger Defined Benefit Pension SystemThe President's 2013 budget proposal seeks to give the board of the Pension Benefit Guaranty Corp. (PBGC) authority to adjust premiums and evaluate risks, to keep it viable for the times when plans fail.