Despite widespread industry and congressional opposition, the Securities and Exchange Commission (SEC) apparently has not given up on pursuing its proposal to require open-end funds to use “swing... Read More
Advertisement
Regulatory Agencies
BY Ted Godbout | 12/8/2023
Proposed guidance implementing the SECURE 2.0 Act’s provision providing an exemption for certain automatic portability transactions has moved one step closer to being publicly released.
The... Read More
BY Ted Godbout | 11/30/2023
The ranking Republican member of the Senate Health, Education, Labor and Pensions (HELP) Committee has taken aim at the Department of Labor’s (DOL) proposed changes to the Qualified Professional... Read More
BY John Sullivan | 11/29/2023
The release of a proposed regulation that provides guidance on the “long-term, part-time employee” (LTPTE) rules a mere 25 working days before they’re effective places too great a burden on plan... Read More
BY John Iekel | 11/27/2023
Good news from the Pension Benefit Guaranty Corporation (PBGC): both its multiemployer and single-employer insurance programs are healthy and in an even better financial position than they were at... Read More
BY Ted Godbout | 11/20/2023
The chair of the House committee with jurisdiction over ERISA issues was not happy with the Department of Labor’s (DOL) recent decision to deny a request to extend the comment period for the proposed... Read More
BY John Sullivan | 11/16/2023
Is the Employee Benefits Security Administration (EBSA) a victim of its own success?
Apparently so, according to a new Government Accountability Office (GAO) report. The passage of bipartisan... Read More
BY NAPA Net Staff | 11/15/2023
After denying a request to extend the comment period for its proposed guidance to update the definition of an investment advice fiduciary, the Department of Labor announced that the Employee Benefits... Read More
BY John Iekel | 11/10/2023
Much-anticipated regulations addressing various aspects of the SECURE 2.0 Act are perhaps closer than just on the horizon, officials from the IRS and the Department of Labor (DOL) reported in a Nov.... Read More
BY Jeff Acheson and Brian Graff | 11/7/2023
At an elaborate White House ceremony on October 31, President Biden unveiled the Department of Labor’s long-awaited proposed retirement security rule. The proposal is, among other things, another... Read More
BY Brian Graff | 11/1/2023
The mission of the American Retirement Association—since it was founded in 1966—is to expand and strengthen the employer-based retirement plan system so that working Americans have the opportunity to... Read More
BY John Sullivan | 10/29/2023
After months of anticipation, the Department of Labor will release a new version of its proposed fiduciary rule for public comment on Tuesday.
The announcement will be made during a ceremony... Read More
BY Ted Godbout | 10/25/2023
Final regulations updating the existing procedures governing the filing and processing of applications for administrative exemptions from the prohibited transaction provisions of ERISA, the Internal... Read More
BY John Iekel | 10/25/2023
A new proposed fiduciary rule will be coming “very soon,” according to Assistant Secretary of Labor Lisa Gomez. She was joined by Carol Weiser, Benefits Tax Counsel at the Department of the Treasury... Read More
BY John Sullivan | 10/19/2023
In a possible tweak to Republican lawmakers, President Biden elevated Acting Labor Secretary Julie Su into the presidential line of succession, causing an angry reaction from the GOP.
Senators... Read More
BY Ted Godbout | 10/19/2023
The Department of Labor (DOL) has taken the first step in exploring ways to improve the effectiveness of retirement plan disclosures under ERISA, consistent with Section 319 of the SECURE 2.0 Act of... Read More
BY Ted Godbout | 10/17/2023
The Department of Labor (DOL) has denied that it planned to increase investigative efforts targeted at brokerage windows following the release last year of a compliance assistance bulletin implying... Read More
BY John Iekel | 10/5/2023
The priority guidance plan that the Treasury and IRS have issued for 2023-24 includes plans for action that will affect retirement plans. They unveiled the plan on Sept. 29.
The... Read More
BY Ted Godbout | 9/27/2023
Securities and Exchange Commission Chairman Gary Gensler faced a barrage of criticism from members of both parties on the House Financial Services Committee over what some described as the Commission... Read More
BY Ted Godbout | 9/22/2023
Congress’ watchdog agency has provided Acting Labor Secretary Julie Su the green light to continue serving in an acting capacity—news that is not likely to please congressional Republicans.
In a... Read More
BY Ted Godbout | 9/20/2023
Labeled as an effort to “enhance and modernize” the Investment Company Act “Names Rule” (35d-1), the Securities and Exchange Commission (SEC) on Sept. 20 voted to amend the rule to prevent what it... Read More
BY Nevin E. Adams, JD | 9/15/2023
Summer may be winding down, but there’s been a LOT going on in the retirement world. In this episode, Nevin (Adams) and Fred (Reish) run down the hot topics, and the implications behind these trends... Read More
BY NAPA Net Staff | 9/11/2023
The Department of Labor’s Employee Benefits Security Administration is seeking nominations to fill five vacancies to serve three-year terms on the ERISA Advisory Council, known officially as the... Read More
BY Ted Godbout | 9/7/2023
A bipartisan group of House members has called on the Securities and Exchange Commission (SEC) to withdraw its open-end fund liquidity risk management and swing pricing proposal, citing the potential... Read More
BY Ted Godbout | 8/31/2023
The two top Republican lawmakers serving on the House and Senate committees with jurisdiction over ERISA have called on the Department of Labor (DOL) to halt any further changes to the definition of... Read More
Recent Comments