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 today 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.
November 08, 2011
House Democrats to DOL: Fiduciary Reproposal Should Meet Certain StandardsMore 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.
November 06, 2011
Finally, Some Good News from the DOLThanks to a new rule debuted by the Department of Labor last month, employers will gain new flexibility in offering fiduciary investment advice to participants in their 401(k) retirement plans.
October 25, 2011
DOL Probing Improper BD, RIA Compensation From ERISA PlansThe Department of Labor has recently investigated eight BDs under Consultant/Adviser Project, focusing on improper compensation by benefit plan consultants and investment advisors.
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.