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 Probing Improper BD, RIA Compensation From ERISA Plans
By Melanie WaddellThe Department of Labor has recently investigated eight BDs under Consultant/Adviser Project, focusing on improper compensation by benefit plan consultants and investment advisors.
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.
August 02, 2011
A Tale of Two Regulators: What DOL Can Teach the SECThe DOL’s consumer orientation provides a stark contrast to the SEC’s industry concerns.
July 26, 2011
Congress to DOL's Borzi: Repropose Fiduciary Rule, Too BroadLawmakers told EBSA head Borzi on Tuesday to repropose EBSA’s controversial regulation amending the definition of fiduciary because it's too broad and because the agency failed to examine the full cost of expanding the definition.
July 01, 2011
DOL's Rule 408(b)(2) Saga Continues: Further Compliance Extension LikelyBecause a final 408(b)(2) rule has yet to be issued by EBSA, retirement plan sponsors will likely need another extension beyond the current Jan. 1, 2012, date.
June 08, 2011
Former EBSA Head Campbell to DOL: Re-Propose Fiduciary RuleBrad Campbell, former head of EBSA, said Wednesday that he has been urging the DOL to “re-propose” its fiduciary regulation, but Phyllis Borzi, current EBSA head, tells AdvisorOne a re-proposal isn't coming.
April 04, 2011
ASPPA Wants DOL to Streamline Reporting RequirementsThe American Society of Pension Professionals & Actuaries is asking the Department of Labor to streamline the reporting requirements imposed on retirement plans by issuing new guidance.