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“It will go to court, undoubtedly,” forecasts one observer. “I think it could go all the way to the Supreme Court” if the Biden Administration ...
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While the Labor Department’s latest crack at establishing a new ERISA fiduciary duty definition grabs the headlines, the agency also moved to revise several prohibited ...
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The DOL states its proposed definition of a fiduciary under ERISA is "generally consistent with the best interest obligations set forth in the” SEC’s 2019 ...
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This is the Department of Labor's rule proposal from 2023 that would revise ERISA's fiduciary duty definition
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It looks like the DOL is poised to release its new retirement security rule proposal any day now
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The judge even alluded to the DOL’s past legal losses, writing that 'the Court must also recognize that other similar agency efforts have not held ...
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The deadline for the first annual respective review under the DOL's rollover exemption arrives in July
Court of Law and Justice Trial Session: Imparcial Honorable Judge Pronouncing Sentence, striking Gavel. Focus on Mallet, Hammer. Cinematic Shot of Dramatic Not Guilty Verdict. Close-up Shot.
The effect of the decision doesn’t vacate the rollover exemption but could well confuse advisers as to how to comply with it
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“The intent of the rule is to level the playing field so that plan fiduciaries can consider these ESG factors"
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Investment managers can consider “the economic effects of climate change and other environmental, social, or governance factors” when making investment decisions under ERISA without risking ...
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