Regulations/Legal Archives - Page 2 of 10 - Retirement Income Journal

It’s Back: The Norcross-Walberg Bill to Make Annuities a 401(k) Default

By Editorial Staff Thu, Feb 17, 2022

Under the bill, participants who are defaulted into an annuity must have 180 days before their premium becomes illiquid, and the participant must receive 30 days notice before the...

Published February 17, 2022

Retirement reforms cut from Build Back Better Act

By Editorial Staff Thu, Oct 28, 2021

The 'back door' Roth IRA will not be closed, and limits won't be placed on contributions by higher-income individuals with large account balances, NAPA Net reported.

Published October 28, 2021

Advisers, Beware of PTE 2020-02: Wagner Law

By Wagner Law Group Wed, Oct 13, 2021

ERISA expert Kimberly Elliott of the Wagner Law Group tells wealth managers how to avoid running afoul of the Department of Labor's Prohibited Transaction Exemption 2020-02 when counseling plan...

Published October 14, 2021

Tax hike looms for top earners

By Editorial Staff Thu, Sep 16, 2021

The House Ways & Means Committee's budget reconciliation recommendations include, among other measures, increases in income taxes on individuals earning over $400,000.

Published September 16, 2021

Progress for retirement provision in ‘Build Back Better’ bill

By Editorial Staff Fri, Sep 10, 2021

'Among other things, the legislation would require employers without employer-sponsored retirement plans to automatically enroll their employees in IRAs or 401(k)-type plans,' according to a report today in the...

Published September 10, 2021

SEC hires Barbara Roper, aggressive consumer advocate

By Editorial Staff Wed, Aug 25, 2021

Roper will focus on issues relating to retail investor protection, including broker-dealer oversight, investment adviser oversight, and examinations, an SEC release said.

Published August 26, 2021

TIAA Broker-Dealer Settles SEC Allegations for $96 Million

By Wagner Law Group Thu, Jul 22, 2021

TIAA-CREF Individual and Institutional Services, LLC, a subsidiary of Teachers Insurance and Annuity Association of America is alleged to have failed to adequately disclose conflicts of interest and to...

Published July 22, 2021

Not Yet Legal in the US: CRITs

By Mark Shemtob Thu, May 20, 2021

Collective Retirement Income Trusts resemble variable income annuities, but without explicit guarantees. These group arrangements could help retirees turn part of their 401(k) or IRA savings into rising income...

Published May 20, 2021

If the DOL Investigates You…

By Kerry Pechter

Here are five FAQs about Department of Labor investigations of retirement plan advisers, and answers from attorneys at the prominent ERISA law firm Faegre Drinker. (Photo: Labor Secretary Marty...

Published May 20, 2021

Secure 2.0: A Booster Shot for Qualified Savings Industry

By Kerry Pechter Thu, May 6, 2021

The proposed bill would allow ETFs in variable annuities and remove the 25% limit on the share of IRA money that can be used to buy a Qualified Longevity...

Published May 6, 2021

A Surprise from IRS about Inherited IRA Distributions

By Wagner Law Group Wed, Apr 21, 2021

IRS Pub 590-B presents a conundrum. It appears to deprive owners of inherited IRAs (already deprived by SECURE Act of the 'stretch IRA') to take distributors annually, rather than...

Published April 22, 2021

DOL releases guidance on fiduciary investment advice

By Editorial Staff Thu, Apr 15, 2021

The Biden Department of Labor evidently wants retirement plan participants to be ready with questions to ask advisers who invite them to roll their plan assets to a brokerage...

Published April 15, 2021

At the Supreme Court, a stress test of ‘best interest’ promises

By Editorial Staff Thu, Mar 25, 2021

'To protect its sterling image, and its share price, Goldman made false statements that it always acted in its clients’ best interest and carefully managed its conflicts,' said...

Published March 25, 2021

Will Biden tinker with tax deferral?

By Editorial Staff Thu, Feb 4, 2021

'Biden will equalize benefits across the income scale, so working families also receive substantial tax benefits' when they save, a former official told the Financial Services Institute.

Published February 4, 2021

What’s up with the ‘ESG’ rule: Wagner Law Group

By Wagner Law Group Fri, Jan 22, 2021

'Given that the slimmer Final Rule is no longer the stranglehold on ESG investing that the original proposal had been, the Biden Administration could decide not to expend its...

Published January 22, 2021

AM Best assesses variable annuity regulatory reforms

By Editorial Staff Thu, Jan 14, 2021

The NAIC's VA reforms 'will serve to diminish the noneconomic volatility..., but ongoing developments related to the pandemic will likely lead to more uncertainty, with potential increases in equity...

Published January 14, 2021

New law to show who qualifies for a PPP loan

By Wagner Law Group Tue, Jan 12, 2021

This article, provided by the Wagner Law Group, explains the modifications made to the Paycheck Protection Program (PPP) by the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues...

Published January 14, 2021

In line with SEC, DOL issues broker-friendly ‘best interest’ rule

By Editorial Staff Thu, Dec 17, 2020

This version of the best interest rule reflects the spirit of the Trump administration. It is much more de-regulatory and less consumer-protective than the Obama administration’s 2016 best interest...

Published December 17, 2020

Election’s Impact on Financial Services Industry: Aite Group

By The Aite Group Thu, Nov 12, 2020

A team of analysts at the Aite Group offers tentative forecasts of the incoming Biden administration's impact on the regulation of the financial services industry in the US. The...

Published November 12, 2020

A Closer Look at CLOs

By Kerry Pechter Fri, Nov 6, 2020

New research into collateralized loan obligations (CLOs), which are helping reshape the investment policies of the life/annuity industry, explores whether they have the same vulnerabilities as the 'CDOs' in...

Published November 6, 2020

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