Search Results
department of labor
1083 posts
Insurance Trade Groups Flag Concerns Over DOL Fiduciary Rule Process
A number of insurance organizations called on the Department of Labor to stop on finalizing its fiduciary rule and instead continue its public comment period
Fiduciary Comments Hit 16k as DOL Releases Hearing Transcripts
The Department of Labor sees an influx of comments on the proposed rulemaking, as the federal agency issues transcriptions on early December hearings
Insurance Industry Questions Next Steps for DOL Fiduciary Rule
In light of the Department of Labor's latest fiduciary proposal, critics question whats to come for the insurance industry
IRI’s Jason Berkowitz: Why Biden’s Fiduciary Rule Gets it Wrong
The American Retirement Association approves the Department of Labor's latest ERISA fiduciary definition update, while insurers dispute its necessity, labeling it a regulatory overreach on investment advice. Jason Berkowitz from the Insured Retirement Institute outlines significant issues with the proposed ERISA changes, critiquing both the policy and President Biden's recent statements on the retirement sector. Berkowitz examines the five-part test and Prohibited Transaction Exemptions' effects on ERISA fiduciaries, reflecting the lifetime income industry's regulatory stance.
GAO Asks DOL to Focus on 403(b) Plans
The report looks at improvements that Department of Labor could make in supporting ERISA and non-ERISA 403(b) plans
DST 401(k) Plan Fiduciaries On Hook for $125 Million in ERISA Settlement
Department of Labor announces “extraordinary” settlement in case where more than 9,000 participants suffered large losses due to plan’s lack of diversified investments
DOL Abandons Appeal in Florida 401(k) Rollover Ruling
A new fiduciary rule said to be in the works at the Department of Labor might make the decision moot
Senate Strikes Down DOL ESG Rule
The Senate voted 50-46 to block the Department of Labor’s ESG rule that would allow plan fiduciaries to invest retirement accounts in sustainable factors
Florida Court Strikes Down DOL Rollover Guidance
Verdict delivered Monday expected to be appealed by the Department of Labor; could take years to resolve
Early Reactions Show Praise for DOL ESG Rule
The insights and comments come as the Department of Labor announced its final rule on corporate sustainability and social factors