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.
March 01, 2012
Advisors Weigh In on Presidential RaceA recent poll of individual advisor members of the Financial Services Institute (FSI) found that those representatives overwhelmingly believe former Massachusetts Governor Mitt Romney will win the Republican presidential nomination, the Senate will shift to Republican control and that the economy will stay flat while taxes will go up.
February 29, 2012
DOL ‘Disappointed’ With Industry Input on Fiduciary IRA RequestThe Department of Labors EBSA says it is disappointed that industry trade groups could not provide more data by the Feb. 24 deadline, and it's "bewildered" that the data underlying the Oliver Wyman report is "not forthcoming."
February 27, 2012
The SEC Begins Fiduciary Fact-Finding MissionThe Securities and Exchange Commission plans to ask the investment industry soon to provide it with the information needed to craft an analysis of the potential impact of a uniform fiduciary standard on investors and producers.
February 27, 2012
The SEC Begins Fiduciary Fact-Finding MissionThe Securities and Exchange Commission plans to ask the investment industry soon to provide it with the information needed to craft an analysis of the potential impact of a uniform fiduciary standard on investors and producers.
February 16, 2012
DOL Deadline on Fiduciary IRA Request Set for Feb. 24The Department of Labors Employee Benefits Security Administration (EBSA) has given industry trade groups until Feb. 24 to fulfill the departments request regarding what impact the conflicts of interest faced by brokers who advise on IRAs have on IRA investors.
February 13, 2012
Obama's 2013 Budget Calls for Stronger Defined Benefit Pension SystemThe President's 2013 budget proposal seeks to give the board of the Pension Benefit Guaranty Corp. (PBGC) authority to adjust premiums and evaluate risks, to keep it viable for the times when plans fail.
February 01, 2012
DOL Fiduciary Rule Set for First-Half 2012 ReleaseDepartment says it is working on cost-benefit analysis for reproposal to get this rule right
January 24, 2012
Industry Groups to DOL: Fiduciary IRA Request 'Difficult'After a Tuesday meeting with DOL over its fiduciary IRA request, industry trade groups are still limited in how much help they can provide.
January 17, 2012
401(k)s: Average Small Plan Expenses Exceed Large Plans’ CostsAverage expenses for small retirement plans are 1.3%, according to the 401k Averages Book, which published the 12th edition of its annual benchmark report on 401(k) fees on Tuesday.
January 16, 2012
Industry Groups to DOL: ‘Clarify’ Fiduciary IRA RequestIndustry trade groups told the DOL in a Jan. 12 letter that it would be impossible for them to provide data concerning conflicts of interests that brokers face in advising IRAs by Jan. 15.