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More than 130 fund management and financial advisory firms have written letters opposing the plan. And the complaints keep coming.
October 21 -
A recent study suggests sales of "expensive" VAs fell as a result of the vacated rule. But there are other factors at play, writes Raymond James' Scott Stolz.
October 16Raymond James Insurance Group -
The agency would have us take a step backward and limit the use of forward-looking datasets.
September 29Entelligent -
The Labor Department has opened the door to using PE as a component of a target date fund held within a DC plan, writes iCapital Network CEO Lawrence Calcano.
September 25iCapital Network -
The industry’s largest money manager experienced record inflows to sustainable products in the first six months of the year.
September 17 -
The department faced scathing criticism for hours from insurers and consumer advocates alike.
September 8 -
The department’s new proposal would restrict when fiduciaries can vote in retirement plans.
September 1 -
Fidelity's letter to the Labor Department says the proposal isn't “well grounded or supported by much of the emerging data.”
August 31 -
More than 95% of comment letters submitted were opposed to the Labor Department’s proposed rule, according to a new analysis.
August 24 -
Industry groups warn of creeping fiduciary obligations, while consumer advocates see it as a setback for investor protections
August 7