Regulation

Lawsuits can’t be avoided, so advisers should focus on helping clients improve their processes, one expert says.

U.S. Secretary of Labor Thomas Perez unveiled new requirements governing adviser and employer arrangements regarding organizing.

As the Department of Labor’s proposed “white-collar” rules move closer to becoming final this summer, with an effective date 60 days later, we take the opportunity to explain further what these new regulations will mean for employers.

The DOL’s impending fiduciary rule will accelerate employers’ move toward vetting for experienced brokers, one expert says, adding that a formal process would help plan sponsors better spot suitable firms.

The DOL’s impending fiduciary rule will accelerate employers’ move toward vetting for experienced brokers, one expert says, adding that a formal process would help plan sponsors better spot suitable firms.

Industry experts say the new regulations will be announced soon, but many benefit brokers are hoping its release is pushed back.

It is not unheard of for violations to cost a company millions of dollars plus attorney’s fees. An employer could also end up paying for their ex-employees’ health coverage if premiums are collected improperly.

While only a small sector of employers will be impacted by the coming decision, a ruling in favor of the petitioner could encourage future contests to the health law’s mandates, experts predict.

While only a small sector of employers will be impacted by the coming decision, a ruling in favor of the petitioner could encourage future contests to the health law’s mandates, experts predict.

Affordable Care Act’s loopholes and inefficiencies are creating losses among carriers and they, in turn, are pressing advisers, says Sally Pipes, president and CEO of the Pacific Research Institute.