DoL opens floodgates for state-run retirement plans
The department also proposed a rule to permit cities to create retirement savings plans
Fiduciary rule: Bulletproof to first attack?
The U.S. Chamber of Commerce, SIFMA, FSI and other groups are asking a Texas court to vacate the Labor Department's new regulations less than a year before the rule goes into effect.
What to expect next on fiduciary rule
Retirement advisers should be ‘proactively preparing’ for the impending regulatory changes.
DOL fiduciary opponents pin price on proposal: $3.9B
Warnings of billions in crippling costs and TV attack ads are the latest salvos from opponents of the Labor Department's fiduciary rule after hearings closed last week. The industry's newest claim is that independent firms could get hit with a bill tallying up to $3.9 billion in startup costs alone should the rule go into effect.
DOL fiduciary standard: Here’s what’s next
After four days of public hearings, in which dozens of participants weighed in, the Labor Department is one step closer to implementing a new fiduciary standard, the scope of which heartens supporters and troubles critics.
Tougher rules but flexible comp under new fiduciary proposal
The Department of Labor on Tuesday unveiled its much-anticipated rule proposal extending a fiduciary standard to thousands of brokers and advisers providing investment advice to clients on retirement accounts but details on enforcement were still forthcoming.
Retirement advisers face tougher rules under long-awaited fiduciary standard
The Department of Labor Tuesday unveiled its much-anticipated rule proposal extending a fiduciary standard to thousands of brokers and advisers providing investment advice to clients on retirement accounts but details on enforcement were still forthcoming.
Minority communities want more minority advisers, survey finds
An overwhelming majority of Hispanic and African-Americans say that financial services firms need to hire more diverse staff, according to a survey conducted by Harris Interactive on behalf of Edward Jones.