Browsing Tag
401(k) Fiduciary Rule
102 posts
The 401(k) Fiduciary Rule is a U.S. regulation requiring financial advisors and plan sponsors who manage or recommend retirement accounts to act in the best interests of participants. It holds them to a fiduciary standard, meaning they must avoid conflicts of interest, provide prudent investment advice, and prioritize clients’ financial well-being over their own compensation.
Critics Speak Out Against DOL Retirement Security Proposal During House Committee Hearing
Insured Retirement Institute, Iowa Insurance Commissioner among those testifying in second committee hearing, which was criticized today by a government watchdog group
Fiduciary Rule May Curtail Wealth Managers Pursuing Retirement Planning
A Cerulli report questions whether the DOL's fiduciary rule could halt the number of wealth managers recommending IRA rollovers
DOL Retirement Security Hearing: Groups Express Both Support and Strong Opposition
American Retirement Association among first to voice its views to Employee Benefits Security Administation over the proposed rule
Fiduciary Rule Comment Period Extension Request Denied
EBSA’s Lisa Gomez tells coalition requesting extension to 60-day comment period that it will not happen; hearing scheduled for Dec. 12-13
Breaking Down the DOL’s Five-Part Test
The history behind the test and where it could potentially stand with the new fiduciary proposal
Biden: DOL Fiduciary Rule is a Further Crackdown on ‘Junk Fees’
President focused on retirement security during White House remarks Tuesday; Insured Retirement Institute blasts “unnecessary, redundant, and harmful proposal”
New DOL Fiduciary Rule Under OMB Review; Gets Bashed by Insurance Trade Groups
While actual text of proposed fiduciary rule delivered to OMB late Friday won’t be made public for about a month, groups say it “will hurt working families’ ability to save for retirement”
Incoming DOL Fiduciary Rule Slated for August
The DOL's Spring Regulatory Agenda includes a proposal that would amend the regulatory definition of a fiduciary
DOL Prioritizing ESG, New Fiduciary Rule and SECURE 2.0 Projects, Says Gomez
Assistant Secretary of Labor Lisa Gomez touched on the DOL’s priorities in the next year, including a potential upcoming fiduciary rule, enhanced education on ESG factors, and SECURE 2.0
Group Says Fiduciary Rule Reinstatement Would Be Dire for Black, Hispanic Americans
Study from Hispanic Leadership Fund says impact of reinstatement would significantly increase the wealth gap by limiting access to financial advice