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.
July 09, 2013
Senator Aims to Strip DOL’s IRA Fiduciary PowerIn yet another attempt by Congress to stymie the DOL's effort to release its fiduciary reproposal, Sen. Orrin Hatch, R-Utah, introduced legislation on Tuesday that would return oversight of IRAs to the Treasury Department.
June 25, 2013
New fiduciary rules remain elusiveLong-awaited revisions of the Department of Labors fiduciary rules remain months away.
June 18, 2013
DOL’s Borzi: Lawmakers Can’t Hold Back Fiduciary PlanEfforts by members of Congress to slow the DOLs reproposal of its fiduciary rule will have little to no effect, Phyllis Borzi, assistant secretary of DOLs Employee Benefits Security Administration, said Tuesday.
June 13, 2013
Businessman sued over alleged misuse of pensionDividend checks from an annuity that should have been paid to the pension fund were instead deposited in corporate accounts.
June 04, 2013
DOL’s Borzi: Fiduciary Redraft Out a Couple of Months After JulyThe DOL's reproposed fiduciary rule will likely be released a "couple" of months after July, Phyllis Borzi, assistant secretary for EBSA, said during a Tuesday afternoon meeting with the ERISA Advisory Council.
May 23, 2013
House Measure to Slow Fiduciary Rulemaking Poses Little Threat: Industry OfficialsA discussion draft introduced Thursday designed to stymie efforts by the SEC and DOL to craft fiduciary rules will prove to be of little consequence, fi360's Duane Thompson and other experts said.
May 07, 2013
DOL seeking input on income illustrations rulesOne rule would require a participants accrued benefits to be listed as an estimated lifetime stream of payments.
May 07, 2013
DOL seeking input on income illustrations rulesOne rule would require a participants accrued benefits to be listed as an estimated lifetime stream of payments.
May 07, 2013
DOL Seeks Input on Lifetime Income Illustrations PlanWe are looking for the best ideas on how to show people what their lump-sum retirement savings look like when they are spread out over all the years of retirement, said Phyllis Borzi.
April 04, 2013
A checklist of 401(k) fiduciary responsibilitiesThe DOL doesnt want it to be a secret, so it spells out exactly what it expects from the 401(k) plan sponsor and any other fiduciary.