DOL

• 

  DOL seeking input on income illustrations rules

  By Elizabeth D. Festa  |  May 7, 2013

  One rule would require a participant’s accrued benefits to be listed as an estimated lifetime stream of payments.

• 

  Will concerns hamper guaranteed annuity use in retirement plans?

  By Elizabeth Festa  |  January 31, 2013

  A DOL advisory group was urged to drop liability for plan sponsors that furnish guaranteed products materials to plan participants.

• 

  Incoming fiduciary standards likely to level commissions

  By Warren S. Hersch  |  January 16, 2013

  A report forecasts more advisors will also adopt a fee-for-service model to cover higher costs.

• 

  DOL Backs Off Controversial Brokerage Window Plan

  By Melanie Waddell, AdvisorOne  |  July 31, 2012

  A revised Field Assistance Bulletin ‘effectively eliminates’ several significant fiduciary requirements, says Dudley of ABC.

• 

  GAO Report Recommends DOL Examine Definition of Fiduciary

  By Warren S. Hersch  |  May 24, 2012

  The General Accounting Office has recommended that the Department of Labor examine the definition of fiduciary to determine if the definition captures the current relationship between sponsors and providers, the GAO discloses in a new report.

• 

  EBSA Ready for Public Comment on TDF Disclosure

  By Warren S. Hersch  |  May 23, 2012

  The DOL’s Employee Benefits Security Administration is reopening the period for public comment on proposed regulatory amendments relating to enhanced disclosure concerning certain qualified plan funds.

• 

  Coalition Urges DOL to Allow Broader E-Communication for Retirement Plan Participants

  By Warren S. Hersch  |  March 28, 2012

  A coalition of 15 trade associations representing the retirement plan community, including employers and retirement services firms, is urging the U.S. Department of Labor to permit broader use of electronic communications to deliver the disclosures to retirement plan participants required by new DOL regulations.

• 

  Stuck in (Business Model) Neutral

  By Arthur D. Postal  |  March 7, 2012

  An intense effort to create a uniform fiduciary standard remains unresolved after more three years of effort, something insurance agents and investment advisors should be concerned about.

• 

  DOL Cracks Down on Retirement Plan Advisors for Fiduciary Negligence

  By Melanie Waddell, AdvisorOne  |  February 27, 2012

  The Department of Labor’s Employee Benefits Security Administration has significantly raised its enforcement efforts in what should serve as a wakeup call to advisors who advise retirement plans and plan sponsors.