Articles tagged "Department of Labor"
Headline
Publish date
DOL program to reunite $1.65 trillion of 401(k) assets with plan participants is long, long overdue; it's also little threat to VC-backed startup with overlapping mission -- and big head start
Gaurav Sharma, founder of Capitalize, explains in RIABiz Q&A, that Labor Dept. will need help -- lots of it -- but that SECURE 2.0 made it possible to begin to address.
December 13, 2024 at 12:04 AM
'Portability' is set to boost and solidify $9.3 trillion 401(k) system by eliminating cash-outs, rollovers and fragmented (orphaned) plans
The Labor Dept. finally found the political will to make savers save and create a lifetime mentality -- with a boost from technology to make a decentralized system work in symphony.
February 6, 2024 at 2:53 AM
The Labor Dept. will publish the proposed 'Biden' DOL Fiduciary Rule (likely) next week, it says, but today it de-fanged the Trump ESG prohibitions
Two years after President Biden took office, the federal agency is ready to unleash a centrist DOL rule that eviscerates Trump's influence but stops short of Obama's stringent proposal.
November 23, 2022 at 2:15 AM
Big effect of DOL's proposed undoing of Trump-era 401(k) ESG investing chill is to permit ESGs TDFs as default option where BlackRock and Natixis have products
The Labor Dept. stops short of giving fiduciaries environmental, social and governance factor carte blanche but recognizes non-pecuniary factors are legit considerations.
October 14, 2021 at 1:08 AM
Trump administration 'ramrodding' DOL rule to beat 2020 presidential election, depriving advisors ability to comment, says Ex-Obama DOL official Phyllis Borzi, the 'Godmother' of ERISA
The Trump administration is trying to wave a magic wand, and it's going to work, but it may make matters worse for the pro-suitability lobby if Joe Biden becomes President
September 4, 2020 at 3:43 AM
New 'anti-regulatory' DOL Fiduciary Rule figures to keep $10-trillion IRA market under the IRS, allow some conflicted advice; does Rule's revival from dead presage Joe Biden presidency?
The rush to enact rewritten DOL Fiduciary Rule is a 'mystery' given Wall Street's presumed preference for defaulting to status quo; has presidential polling adverse to Donald Trump restored a sense of urgency?
June 4, 2020 at 2:28 AM
Phyllis Borzi tightens the noose on 401(k) providers that flout DOL disclosure, not without critics
The idea is to have a de facto big red arrow pointing to key disclosures on revenue sharing but it'll add to the verbiage surplus
March 11, 2014 at 9:04 PM
What to make of a fiduciary flag-bearer's alleged misappropriation of $5 million from clients -- and his denial of the charges
Arrest of Matthew Hutcheson raises questions about the fiduciary movement
May 10, 2012 at 5:09 AM
Proposed DOL regs expose more advisors to fiduciary liability
Language of rules amounts to better ammo for lawyers
October 22, 2010 at 6:17 AM
Regulatory Wire: former SEC chairs slam financial services reform
Plus, DOL's new webinar on 401(k) compliance; the SEC speaks on target date funds; and questions about Stoneridge
June 18, 2010 at 5:17 AM
Regulatory Wire (Updated): To create a successful new regulatory regime, the biggest fears of both broker-dealers and advisors must be assuaged
Plus, a DOL administrator offers hints of new 401(k) regulations to come this fall
May 14, 2010 at 5:38 AM
IRA assets could be ripped from the grasp of brokers if DOL has its way
With brokers disqualified, fee-only advisors may have 'phenomenal' opportunity to dominate $4.1 trillion IRA market
