Displaying 79 results
DOL’s apparent U-turn in court hints at new fiduciary rule in works
The American Securities Association says the Labor Department voluntarily dropped its appeal of a Florida court's decision striking down DOL guidance making rollover advice fiduciary.
DOL arms investors with rollover questions that could catch some advisers off guard
The timing of those questions, such as 'are you a fiduciary?' is not great for advisers relying on the DOL’s temporary enforcement policy until Dec. 20, the compliance deadline for the new rules, one lawyer said.
Cure the harm Trump administration caused savers
Data suggest that the adoption of the SEC’s vague Regulation Best Interest and the abandonment of a strengthened DOL standard for retirement accounts have already cost savers billions of dollars in lost returns.
DOL will let Trump-era fiduciary rule stand
The rule, which was proposed last year and goes into effect next Tuesday, essentially replaces the defunct Obama-era version that regulated investment advice for 401(k)s and rollover IRAs. It provides an exemption for investment advice fiduciaries under the Employee Retirement Income Security Act.
Obama-era fiduciary rule cut sales of expensive annuities: Study
Even though a federal appeals court vacated the measure in 2018, its impact lives on
Until Reg BI enforcement starts, we’ll have to take brokers’ word it’s working
Or you can rely on state securities regulators to provide data about advice reform
DOL advice proposal criticized by both sides at hearing
Fiduciary status test draws criticism for creating loopholes, casting net too widely
DOL’S ESG proposal would hurt retirement accounts
The proposal fails to account for evidence that long-term investors, like retirees, are likely to earn better returns
DOL proposes new standard to replace vacated fiduciary rule
The agency says the measure will ensure financial advisers act in retirement savers’ best interests
Borzi challenges SEC to use Reg BI to attack revenue sharing conflicts
The architect of the DOL fiduciary rule remains skeptical of the SEC measure
DOL sends revised fiduciary rule to Office of Management and Budget
After being stalled for months, the proposal has finally advanced and could be heading toward public release
The sound of silence
Regulation BI must be implemented by June 30, so why aren’t we hearing more about how brokerages are going to change the way they deliver investment advice?
Fiduciary rule rewrite still expected despite departure of DOL official
The agency may not complete the legislation until late in the year, while it deals with fallout from COVID-19
Bloomberg seeks to restore DOL fiduciary rule as part of his retirement agenda
A spokeswoman for the Bloomberg campaign says the SEC’s Reg BI ‘doesn’t set an adequate fiduciary standard’
Hillary Clinton would have saved the DOL fiduciary rule
If the presidential election had gone the other way, the Labor Department would have overcome the regulation's legal challenges — or at least still be in the fight.
DOL fiduciary rule responsible for drop in Stifel adviser headcount: CEO
The firm's CEO said many advisers retired rather than deal with business disruption from the regulation.
Fiduciary rule every bit as necessary for brokers, according to report
An article from the Wall Street Journal reveals that B-D reps are incentivized to recommend costlier investments to clients over cheaper ones.
DOL fiduciary rule limiting DCIO support to plan advisers in unexpected ways
Absent commissions, asset managers are having a tough time seeing how much business 401(k) advisers are giving them.
DOL fiduciary rule delay boosts prospects for annuity sales
Indexed and variable annuities are likely to get a big bump in sales if the rule is delayed until July 2019.
DOL fiduciary rule ups ante for monitoring of 401(k) record keepers
Several plan providers have expanded their participant-call-center services to include fiduciary advice, and advisers must help clients navigate the change.
