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.
The SEC Begins Fiduciary Fact-Finding Mission
By Arthur D. PostalThe 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 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.
February 01, 2012
DOL Fiduciary Rule Set for First-Half 2012 ReleaseDepartment says it is working on cost-benefit analysis for reproposal to get this rule right
January 24, 2012
Industry Groups to DOL: Fiduciary IRA Request 'Difficult'After a Tuesday meeting with DOL over its fiduciary IRA request, industry trade groups are still limited in how much help they can provide.
January 17, 2012
401(k)s: Average Small Plan Expenses Exceed Large Plans’ CostsAverage expenses for small retirement plans are 1.3%, according to the 401k Averages Book, which published the 12th edition of its annual benchmark report on 401(k) fees on Tuesday.
January 16, 2012
Industry Groups to DOL: ‘Clarify’ Fiduciary IRA RequestIndustry trade groups told the DOL in a Jan. 12 letter that it would be impossible for them to provide data concerning conflicts of interests that brokers face in advising IRAs by Jan. 15.
January 05, 2012
DOL to AdvisorOne: Department ‘Has Not Signaled’ Extension of April 1 Fee Disclosure DeadlineWhile rumors were flying that Labors Employee Benefits Security Administration planned to push back the April 1 deadline for compliance with its fee disclosure regulations, a DOL spokesman told AdvisorOne on Thursday that the department had 'not signaled' that the deadline would be extended.
January 03, 2012
DOL Faces Bi-Partisan Pushback Against Proposed Fiduciary StandardFifty-five House Republicans joined 30 House Democrats in early December to request 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.