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.
Industry Groups to DOL: Fiduciary IRA Request 'Difficult'
By Melanie WaddellAfter a Tuesday meeting with DOL over its fiduciary IRA request, industry trade groups are still limited in how much help they can provide.
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.
December 05, 2011
DOL Faces Bi-Partisan Pushback Against Proposed Fiduciary StandardFifty-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 29, 2011
DOL Issues Final Rule on Investment Advice . . . Again (K&L Gates)The goal of the DOLs recent investment advice ruling was a challenging one: how to best make advice available to those who needed it, without substantially increasing the chance that unfair or ill advice would be given.
November 22, 2011
7 Areas of ‘Relief’ for Advisors in DOL’s Reproposed Fiduciary RuleWell-known ERISA attorney Fred Reish predicts the areas of relief DOL will provide when it reproposes its fiduciary rule.
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.