DoL

A new potential fiduciary rule and a court decision involving independent contractors have the industry and consumer advocates watching carefully.

Advocates hope the Labor Department's first clarification on the Trump-era advice rule is the beginning of a series of steps to improve advice standards.

the Labor Department said it wouldn’t enforce Trump-era rules for fund investments or proxy voting, nor will it sanction retirement plans that don’t comply with the regulations.

The department says it is working “to determine how we might improve” the regulation.

Some advisory firms have already started narrowing their lists of funds considered eligible for retirement plans based on Trump’s decision to overhaul ERISA.

The regulation permits more exemptions from fiduciary duties, but may itself be replaced by the incoming Biden administration.

Existing regulations that protect investors and deliver clarity to the industry must be preserved by the incoming administration, writes Financial Services Institute CEO Dale Brown.

Big changes to regulations and retirement planning could be in the mix following the Democrat’s election victory.

What different outcomes could mean for financial planners and their clients.

The rule has faced a host of criticism from investors, environmentalists, asset managers and others.

More than 130 fund management and financial advisory firms have written letters opposing the plan. And the complaints keep coming.

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.

The agency would have us take a step backward and limit the use of forward-looking datasets.

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.

The industry’s largest money manager experienced record inflows to sustainable products in the first six months of the year.

The department faced scathing criticism for hours from insurers and consumer advocates alike.

The department’s new proposal would restrict when fiduciaries can vote in retirement plans.

Fidelity's letter to the Labor Department says the proposal isn't “well grounded or supported by much of the emerging data.”

More than 95% of comment letters submitted were opposed to the Labor Department’s proposed rule, according to a new analysis.

Industry groups warn of creeping fiduciary obligations, while consumer advocates see it as a setback for investor protections