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

ACLI’s ”focus now is on scrutinizing the Labor Department’s regulatory package and considering what can be done to ensure ...

Three regulatory amendments that are attached to the new "retirement security rule" display the stakes of the legal challenge ...

Sen. Joe Manchin (D-W.Va.) and a group of Republican senators are moving to overturn a new retirement investment planning ...

The lawsuit says DOL's new definition of investment advice fiduciary is virtually indistinguishable from its 2016 Fiduciary ...

On April 23, the US Department of Labor (DOL) released a final rule significantly expanding the definition of who qualifies as a fiduciary under the Employee Retirement Income Security Act (ERISA) ...

The DOL rule will make almost everyone in the financial services industry a fiduciary, a Washington attorney said.

The RSR would expose most annuity sales to a fiduciary standard and increase liability for insurers and others in the distribution chain. Introduced on Halloween, the DOL pushed the rule through and ...

The rule is more vulnerable than a similar Obama-era edict that was overturned by the courts, the financial industry law firm says.

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 ...

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.