Fiduciary Governance

Fiduciary Governance

By ASPPA Net Staff8/14/2015 • 0 Comments

Fixed-income allocations by corporate pension plans are growing, a shift that is coming at the expense of equity allocations, say recent reports. READ MORE

By ASPPA Net Staff8/13/2015 • 0 Comments

Responding to a bipartisan (though primarily Republican) letter from more than a dozen members of the U.S. House of Representatives, Labor Secretary Thomas Perez says his agency will “move forward towards issuing a Final Rule” on the agency’s “conflict of interest” proposal. READ MORE

By Andrew Remo8/13/2015 • 0 Comments

Marcy Supovitz, President-Elect of the American Retirement Association, testified at the public hearing on the Department of Labor’s reproposed fiduciary rule Aug. 12. READ MORE

By Andrew Remo8/13/2015 • 0 Comments

The second day of public hearings on the Department of Labor’s fiduciary rule reproposal was highlighted by a debate over the economic impact that the rule will have on the financial services industry. READ MORE

By Andrew Remo8/11/2015 • 0 Comments

The first day of the Department of Labor’s public hearing on its re-proposed fiduciary rule Aug. 10 veered from the informative to the absurd as the department’s rule makers heard from a broad array of stakeholders on the complex subject. READ MORE

By Nevin Adams8/10/2015 • 0 Comments

The public comment period may have closed, but a group of U.S. Senators has weighed in on the proposed fiduciary regs — and lent their support to a recommendation of the American Retirement Association. READ MORE

By Nevin Adams7/28/2015 • 0 Comments

None other than a fellow federal agency has said in its a comment letter on the Labor Department’s fiduciary proposal that the proposal fails to adequately estimate its cost or the number of firms affected by it. READ MORE

By ASPPA Net Staff7/27/2015 • 0 Comments

Concerned that the Labor Department’s fiduciary proposal is about reengineering the retirement services industry and controlling the way Americans save for retirement, a group of Republican congressmen is calling for withdrawal of the rule.

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By ASPPA Net Staff7/27/2015 • 0 Comments

Taking a cue from the boss, Labor Secretary Thomas Perez in the DOL blog has said that the DOL will issue guidance to help facilitate state-based retirement plans. READ MORE

By ASPPA Net Staff7/27/2015 • 0 Comments

The Financial Industry Regulatory Authority (FINRA) says that the Labor Department’s fiduciary proposal represents a “fractured approach” that will sow confusion for many in the retirement industry. READ MORE

By ASPPA Net Staff7/22/2015 • 0 Comments

July 21 provided a poignant example of the back-and-forth over the proposed fiduciary rule, as Labor Secretary Thomas Perez testified on Capitol Hill about it, while across town SEC member Daniel Gallagher sent the DOL a public comment letter criticizing it. READ MORE

By ASPPA Net Staff7/20/2015 • 0 Comments

The Department of Labor will be changing its proposed fiduciary rule regarding brokers, DOL Deputy Assistant Secretary Timothy D. Hauser said at a July 16 Washington, D.C. meeting of the Securities and Exchange Commission’s Investor Advisory Committee. READ MORE

By John Iekel7/16/2015 • 0 Comments

Whether we have retirement a crisis, or merely a series of hard problems, captured the ultimate issue an expert panel addressed at an American Enterprise Institute July 15 discussion at its Washington, DC offices,. READ MORE

By Nevin Adams7/14/2015 • 0 Comments

Diamonds may be forever, but apparently fiduciary liability for choosing annuities in a DC plan is not: That’s likely the most significant takeaway from Field Assistance Bulletin (FAB) 2015-02. READ MORE

By ASPPA Net Staff7/6/2015 • 0 Comments

Efforts to stop or roll back the Department of Labor’s proposed fiduciary rule will continue, according to Steve Saxon of Groom Law Group. READ MORE

By ASPPA Net Staff7/1/2015 • 0 Comments

The U.S. Census Bureau in its quarterly survey of public pensions during the first quarter of 2015 reports that the earnings that public pension plans have realized, and their holdings, have changed little since the fourth quarter of 2014. READ MORE

By ASPPA Net Staff6/26/2015 • 0 Comments

The DOL rule that went into effect June 17 containing fiduciary requirements for disclosure in participant-directed individual account plans has built in two additional months in which to provide the information. READ MORE

By ASPPA Net Staff6/26/2015 • 0 Comments

The Senate Appropriations Committee on June 25 in a 16-14 vote approved the fiscal year 2016 Labor, Health and Human Services (LHHS) funding bill, which denies funding that would enable the Department of Labor to implement the fiduciary rule. READ MORE

By ASPPA Net Staff6/25/2015 • 0 Comments

Appropriations subcommittees on Capitol Hill — in the House and now in the Senate — have taken a shot at blocking the Labor Department’s fiduciary proposal by denying funding for the measure.
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By ASPPA Net Staff6/24/2015 • 0 Comments

The public comments the Department of Labor is receiving on its proposed fiduciary rule already are having an effect, Labor Secretary Thomas Perez said at June 23 Brookings Institution forum in Washington, D.C. READ MORE

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