Regulations/Legal Archives - Page 6 of 10 - Retirement Income Journal

LPL will flatten advisor compensation on mutual fund sales

By Editorial Staff Thu, Jul 20, 2017

'Other financial firms have limited or even fully removed brokerage options for retirement investors. But when brokerage is in the best interest of your client, we’re providing a solution,'...

Published July 20, 2017

Lawsuit accuses oil and gas firm of not using Vanguard’s cheapest funds

By Editorial Staff Thu, Jul 6, 2017

Participants in Pioneer Natural Resources USA's 401(k) plan accuse the sponsor of offering them Vanguard's retail share class funds instead of institutional share class funds and failing to negotiate...

Published July 13, 2017

Cloudy with a Chance of Lawsuits

By Kerry Pechter Thu, Jun 22, 2017

If the fiduciary rule and its Best Interest Contract Exemption are here to stay, will they trigger a wave of lawsuits against advisory firms? No one seems to know...

Published June 22, 2017

In fiduciary suit, Northrop Grumman settles with participants for $16.75 million

By Editorial Staff Thu, Jun 15, 2017

The settlement does not cover claims raised in Marshall v. Northrop Grumman Corp., a second case against Northrop filed by Schlichter, Bogard & Denton on September 9, 2016.

Published June 15, 2017

DOL Hints at Regulatory ‘Relief’ for Indexed Annuities

By Kerry Pechter Thu, Apr 6, 2017

'Allowing all annuity products to be covered by PTE 84-24 ... could be a signal in terms of where a revision to the rule...

Published April 6, 2017

DOL provides “significant relief” on fiduciary rule: Wagner Law Group

By Editorial Staff Wed, Apr 5, 2017

'This approach essentially eliminates the need for transition agreements, disclosures, and certain structural changes (such as the appointment of a BICE officer) that were formerly required to be in...

Published April 6, 2017

The Fiduciary Rule Delay and Legal Exposure: One Law Firm’s Opinion

By Editorial Staff Wed, Mar 15, 2017

This bulletin, written by attorneys at the DrinkerBiddle law firm, interprets the DOL's latest Field Assistance Bulletin regarding the likely delay in the applicability date of the fiduciary rule....

Published March 16, 2017

DOL Hears Public Comments on Fiduciary Rule (Again)

By Kerry Pechter Thu, Mar 9, 2017

Brokers and insurance agents told the Department of Labor to kill the fiduciary rule, but robo-advisors such as Financial Engines and Betterment still favored it, as did private citizens,...

Published March 9, 2017

No Quick End to Fiduciary Rule Story

By Kerry Pechter Wed, Mar 1, 2017

The DOL wants your comments again. It wants to know how much companies have spent on adapting to the rule, and whether it would be cheaper to abandon the...

Published March 2, 2017

Kill Bills: Republicans attack ‘safe harbor’ for state auto-IRAs plans

By Editorial Staff Thu, Feb 16, 2017

The move was applauded by the National Association of Insurance and Financial Advisors and the Investment Company Institute. It was condemned by the National Conference on Public Employee Retirement...

Published February 16, 2017

Is (or Isn’t) Time Running Out for the Fiduciary Rule?

By Kerry Pechter Thu, Feb 9, 2017

Three benefits attorneys told RIJ this week that the DOL's fiduciary rule became effective last June, and that it may be hard to stop the rule--or even delay the...

Published February 9, 2017

Federal Judge Upholds Obama Fiduciary Rule

By Kerry Pechter

Ignoring a Trump administration request to delay her ruling, Chief Judge Barbara Lynn of the Northern District of Texas, Dallas Division, rejected industry arguments that the Obama Department of...

Published February 9, 2017

President Trump to require ‘two-for-one’ regulations

By Wagner Law Group Thu, Feb 2, 2017

'To the extent allowed by law, any new incremental costs associated with new regulations must be offset by the elimination of existing costs associated with at least two prior...

Published February 2, 2017

Financial institutions brace for DOL haircut

By Editorial Staff Wed, Dec 21, 2016

A recent survey of executives at banks and credit unions showed that the typical U.S. financial institution can expect a 17% fall in revenue from investment services because of...

Published December 22, 2016

Fitch reviews impact of DOL rule on wealth managers

By Editorial Staff Thu, Dec 15, 2016

Depending on whether they pursue a fee-only or commissions model in response to the DOL rule, wealth managers may benefit or suffer, said a Fitch release.

Published December 15, 2016

Edward Jones’ 401(k) plan accused again of ERISA violations

By Editorial Staff Wed, Nov 16, 2016

A federal class action suit in St. Louis charges the Edward Jones 401(k) plan with offering its participants high-cost funds from asset managers that were also paying tens of...

Published November 17, 2016

Federal judge rejects NAFA’s suit against DOL

By Editorial Staff Thu, Nov 10, 2016

'NAFA’s own declarations leave little doubt that those engaged in the annuities business do not simply dispense products but, rather, provide individualized investment advice,' wrote U.S. District judge Randolph...

Published November 10, 2016

FAQs (and Answers) from DOL

By Editorial Staff Fri, Oct 28, 2016

The DOL said 'No' to the question: Can advisors rely on the 'streamlined' version of the Best Interest Contract Exemption if the products they recommend to IRA owners...

Published October 28, 2016

Eleven firms, and their new DOL-related policies

By Editorial Staff Thu, Oct 27, 2016

A quick review of changes at LPL, Great American Life, Edward Jones, Nationwide, State Farm, Jackson National Life, Merrill Lynch, Commonwealth Financial, Morgan Stanley and Ameriprise in response to...

Published October 28, 2016

Envestnet’s new tools to aid compliance with DOL rule

By Editorial Staff Thu, Oct 6, 2016

Envestnet, the Chicago-based technology firm, is seizing the opportunity to help broker-dealers prepare for compliance with the DOL fiduciary rule, which becomes effective next April.

Published October 6, 2016

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