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Brokers are in a legal quandary: Many of them will still be fiduciaries under the 1975 Rule, but the third-party compensation they received will no longer be permitted.
June 21Drinker Biddle -
They need documentation showing how they reviewed, selected and monitor their TDFs and if their investment strategy fits with participant demographics.
June 20 -
Ignorance is no excuse when it comes to a possible ERISA audit. Here are some hard truths to common mistakes sponsors have in their heads.
June 18Cohen & Buckmann PC -
Ignorance is no excuse when it comes to a possible ERISA audit. Here are some hard truths to common mistakes sponsors have in their heads.
June 15Cohen & Buckmann PC -
Industry experts believe the final rule needs to spell out how this rule differs from past suitability standards.
June 1 -
It is widely anticipated that the March 15 ruling will soon take effect, restoring the DOL’s 1975 regulation defining fiduciary investment advice to plan and IRA investors.
May 24Drinker Biddle -
The temporary ban will remain in place until the SEC posts its final fiduciary rules.
May 11 -
With the rescue attempt's failure, all eyes now turn to the SEC which is considering its own proposal for raising financial advisor standards of conduct.
May 4 -
The regulator's proposal is set to remake compliance standards for brokers and advisors.
May 3 -
With a recent uptick in 401(k) related lawsuits, employers should take concrete steps to help participants while giving their company the fullest extent of protection possible against potential litigation.
May 2DWC ERISA Consultants