FACC, an insurance group, is asking to delay implementation until its existing lawsuit against Labor is resolved.

The Department of Labor wrote its new fiduciary focused Retirement Security Rule with a big focus on surviving a court ...

The DOL’s fiduciary regulation will be effective on September 23 of ... This is very close to the prudent person rule in ERISA. It is a process-driven approach measured by the hypothetical standard of ...

ERISA experts from Faegre Drinker Biddle & Reath provide guidance to registered investment advisers on the DOL’s new ...

What’s different Not much changed compared with the proposed version of the rule, but the DOL did cleave one part of its three-part test for fiduciary status – the discretion over assets.

The Retirement Security Rule, finalized on April 23, is polarizing and is sure to face significant legal challenges (one ...

Dozens of members of Congress are backing resolutions of disapproval that would derail a policy they say will limit access to ...

The senators — Ted Budd, R-N.C.; Bill Cassidy, R-La.; Joe Manchin, D-WV, and Roger Marshall, R-Kansas — said in a joint ...

The 1975 Rule set forth a five-part test (the “Five-Part Test”) to determine when a Person is considered a fiduciary to a Plan through the provision of investment advice (“Investment Advice”). The ...

Next, in 2016, the DOL sought to establish a broad fiduciary standard for advisers to ERISA plans and IRAs by replacing the ...

The rule, finalized April 23, changed the test used to determine when someone is an investment advice fiduciary under ERISA.

Marc Cadin responds to a recent InvestmentNews editorial and explains why he believes the DOL process and pro-fiduciary rule ...