A Proxy Voting Primer for Uncertain Times
This article discusses requirements for advisers that vote proxies and the status of recent regulatory developments.
March 23, 2022
Tags: DOL, Proxy Advisory Firms, Proxy Voting, SEC
DOL Pulls Back on 2020 Statement on Use of Private Equity in Defined Contribution Plans
The DOL’s Employee Benefits Security Administration has issued a Supplemental Statement on the use of private equity investments in defined contribution plans that significantly limits a June 2020 Information Letter.
January 04, 2022
Tags: DOL, Private Equity
IAA Supports the DOL ESG and Proxy Proposal with Recommended Changes
The IAA has commented on the DOL’s proposed amendments to its ERISA investment duties regulation regarding ESG and proxy voting. We support the proposed amendments, with a number of recommendations that we believe would improve on the proposal.
December 21, 2021
Tags: DOL, ESG, Proxy Voting
Agencies’ Regulatory Agendas Include AML, Cybersecurity, ESG, and More
Federal agencies have released updates to their regulatory agendas, which include several important new potential regulations for investment advisers, most notably regarding anti-money laundering, cybersecurity, and private fund advisers.
December 15, 2021
Tags: Money Market Funds, AML, CFTC, Custody, Cybersecurity, DOL, ESG, Private Funds, Proxy Voting, Regulatory Agendas, SEC Investment Management
DOL Extends Relief on Compliance with Fiduciary Exemption
Following requests by the IAA and others, the DOL has extended its grace period for compliance with its new Fiduciary Exemption through January 31, 2022 – and says it won’t enforce the specific requirements pertaining to rollovers until June 30, 2022.
October 28, 2021
Tags: Retirement Savings, DOL, IRAs
Biden Climate Financial Roadmap Discusses SEC and DOL ESG Proposals
A new Biden Administration report lays out "a roadmap for measuring, disclosing, managing, and mitigating climate-related financial risk across the economy” and follows an executive order regarding financial risk and climate change policy.
October 20, 2021
DOL Proposal Would Allow Fiduciaries to Consider ESG When Selecting Plan Investments
Retirement plan fiduciaries will be permitted to consider climate change/ESG factors when selecting plan investments and voting proxies under a new proposal by the Department of Labor.
October 18, 2021
IAA to DOL: Give Advisers More Time to Comply with Fiduciary Exemption
The IAA has asked the DOL to delay compliance with the DOL Fiduciary Exemption until it has completed additional related regulatory action, or for at least six months from the current December 20, 2021 deadline, to give advisers additional time to update their processes
October 06, 2021
Tags: DOL, IRAs, Retirement Saving
DOL Issues FAQs on Lifetime Income Illustrations
The EBS has issued temporary implementing FAQs on the requirement to add lifetime income illustrations to pension benefit statements.
August 02, 2021
Tags: DOL, Retirement Plans, SECURE Act
Federal Agencies Release Spring 2021 Regulatory Agendas
Federal agencies recently released the spring 2021 update to their regulatory agendas. These agendas are the first issued under the Biden Administration and reflect this administration’s policy priorities.
June 16, 2021
Tags: Accredited Investor, CFTC, Custody, DOL, ESG, Marketing Rule, Money Market Fund, Proxy Voting, Regulatory Agendas, SEC Investment Management