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 ...
Dozens of members of Congress are backing resolutions of disapproval that would derail a policy they say will limit access to ...
ERISA experts from Faegre Drinker Biddle & Reath provide guidance to registered investment advisers on the DOL’s new ...
The National Association of Insurance and Financial Advisors (NAIFA) has endorsed a Congressional Review Act (CRA) resolution ...
At least 17 Republicans and one Democrat, Sen. Joe Manchin of West Virginia, have signed onto a joint resolution under the ...
A bicameral group of senators and house representatives have launched a joint resolution seeking to quash the rule.
The rule, finalized April 23, changed the test used to determine when someone is an investment advice fiduciary under ERISA.
The senators — Ted Budd, R-N.C.; Bill Cassidy, R-La.; Joe Manchin, D-WV, and Roger Marshall, R-Kansas — said in a joint ...
Morningstar estimates that the rule could save retirement plan participants a total of $55 billion in fees over the next 10 years. And those savings would jump to $130 billion over the subsequent 10 ...
Three regulatory amendments that are attached to the new "retirement security rule" display the stakes of the legal challenge ...
Next, in 2016, the DOL sought to establish a broad fiduciary standard for advisers to ERISA plans and IRAs by replacing the ...