IAA Comments on DOL’s Proposed Fiduciary Exemption
The IAA has submitted a comment letter to the Department of Labor on that agency’s proposed fiduciary exemption.
August 10, 2020
Tags: Compliance, Digital Advice, DOL, Fiduciary
IAA to DOL: Provide More Time for Considered Response to Sweeping ESG Proposal
The IAA joined several other trade associations on July 20 to ask the Department of Labor to extend the July 30 deadline for public comments on its proposal to limit consideration of ESG factors in retirement plan investments.
July 21, 2020
SEC, DOL, CFTC, FinCEN Issue Updates to 2020 Regulatory Agendas
Federal agencies recently released the spring 2020 update to their regulatory agendas.
July 14, 2020
Tags: CFTC, DOL, FinCEN, Regulatory Agendas, SEC
Fiduciary Advice in a New Era: A Real Relationship for the Long Term
On June 30, the SEC’s new standard of conduct for broker-dealers (Reg BI) and Form CRS for advisers and brokers went live, with the Advisers Act fiduciary interpretation having already been in effect over the past year.
July 13, 2020
Tags: Columns, DOL, Fiduciary, Form CRS, From the President & CEO, Karen Barr, Reg BI
SEC’s Roisman: More ESG Disclosures from Asset Managers, But Not Public Companies
In a recent speech to the Society for Corporate Governance, SEC Commissioner Elad Roisman argued that asset managers should be required to provide greater disclosure about ESG investments.
July 10, 2020
Tags: DOL, Elad Roisman, ESG
Two years after its fiduciary rule was vacated, the DOL has officially reinstated the five-part test to determine whether a person is an investment advice fiduciary.
July 01, 2020
DOL ERISA Proposals Single Out ESG Investments for Extra Scrutiny
The DOL has proposed amendments to its ERISA investment duties regulation regarding ESG investments.
July 01, 2020
Tags: Retirement Savings, DOL, ERISA, Retirement Plans
DOL Requests Information on PEPs, MEPs
The DOL has published a request for information regarding pooled employer plans (PEPs), which were introduced in the SECURE Act, and multiple employer plans (MEPs).
June 22, 2020
Tags: DOL, SECURE Act
DOL Confirms DC Plans May Offer Options that Include Private Equity Investments
The DOL recently issued an Information Letter confirming that defined contribution plans may offer as an investment option a professionally managed asset allocation fund, such as a target date fund, that includes as a component private equity investments.
June 09, 2020
Tags: DOL, ERISA, Fiduciary, Jay Clayton, Private Equity
DOL Sends New Fiduciary Rule Proposal, Other Items to OMB
The DOL has sent a proposal entitled “Improving Investment Advice for Workers and Retirees Exemption” to the Office of Management and Budget for review.
June 09, 2020
Tags: DOL, Fiduciary, SECURE Act