Top leadership at the Department of Labor (DOL) has indicated that the department will not bend on its fiduciary rule, but then again, it may. Bad cop, good cop? Not entirely. Secretary of Labor Tom... Read More
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Regulatory Agencies
BY Nevin E. Adams, JD | 6/29/2016
Defying the wishes of plan sponsors and the Employee Plans Subcommittee (EP Subcommittee) of the Advisory Committee on Tax Exempt and Government Entities (ACT), the IRS will make significant... Read More
BY NAPA Net Staff | 6/15/2016
The Employee Plans Subcommittee (EP Subcommittee) of the Advisory Committee on Tax Exempt and Government Entities (ACT) has made some recommendations regarding the determination letter program –... Read More
BY NAPA Net Staff | 5/23/2016
In order to provide practitioners and researchers with a “standard, reliable, and broadly available way to measure individual financial well-being,” a government agency has launched a new “financial... Read More
BY NAPA Net Staff | 5/20/2016
The Securities and Exchange Commission plans to issue a "personalized investment advice standard of conduct" in the spring of 2017, according to the agency’s latest regulatory plan.The SEC’s Division... Read More
BY NAPA Net Staff | 4/17/2016
The American Retirement Association has launched a new website as a way for plan advisors and others to share their questions about the new final fiduciary rule with the rule's authors at the... Read More
BY NAPA Net Staff | 4/15/2016
In a major win for small business retirement plans and the efforts of the ARA Government Affairs Committee (GAC), the Treasury Department and IRS have decided to withdraw certain provisions of... Read More
BY Andrew Remo | 4/5/2016
In Illinois, if you are an employer that likes your retirement plan, you can keep it.Despite some persistent rumors and underhanded marketing to the contrary, the Illinois Secure Choice Savings... Read More
BY NAPA Net Staff | 4/4/2016
As the industry anticipates publication of the Labor Department’s fiduciary regulation this week, the Office of Management and Budget (OMB) has finished its review, according to a posting on the OMB’... Read More
BY Nevin E. Adams, JD | 4/1/2016
Sen. Elizabeth Warren (D-Mass.) is turning up the heat on financial services firms that have opposed the Labor Department’s pending fiduciary regulation.Having expressed concerns a few weeks ago to... Read More
BY Judy Miller | 3/16/2016
Buried in a recent Treasury Department regulation is a provision that will make it harder for small businesses to form new retirement plans or maintain their current ones. The regulation, in proposed... Read More
BY NAPA Net Staff | 3/9/2016
The Consumer Financial Protection Bureau may have intended to help individuals understand the impact of their timing decision on Social Security, but a couple of Republican senators say it is... Read More
BY NAPA Net Staff | 3/8/2016
It may be grasping at straws, but two U.S. Senators have drawn an unfavorable connection between a planned research initiative by the Labor Department and the agency’s appreciation for the impact of... Read More
BY NAPA Net Staff | 3/8/2016
A lawsuit brought against the IRS over its handling of a company’s application to fix errors under the agency’s Voluntary Compliance Program (VCP) is advancing. According to Bloomberg BNA, U.S.... Read More
BY NAPA Net Staff | 3/1/2016
The Department of Labor is planning to study how retirement planning strategies and decisions evolve over time — and it would like to know what you think about the effort.The DOL’s Employee Benefit... Read More
BY NAPA Net Staff | 2/24/2016
A staff report from the Senate Committee on Homeland Security and Governmental Affairs sharply criticizes the Labor Department’s fiduciary proposal and what it described as a “flawed process” in... Read More
BY NAPA Net Staff | 2/18/2016
The Labor Department is rolling out an initiative focused on the investigation of benefit payment practices, focusing on three key areas.According to a blog post by the law firm of Morgan Lewis... Read More
BY Brian Graff | 2/11/2016
Small business retirement plans are under attack again. Buried in a Treasury Department proposal to make it easier for large corporations to close their defined benefit plans to new entrants is a... Read More
BY Nevin E. Adams, JD | 1/29/2016
Neither rain, nor snow, nor dark of night — could keep the Labor Department from getting the updated conflict-of-interest/fiduciary regulation to the Office of Management and Budget for review.That’s... Read More
BY NAPA Net Staff | 1/21/2016
The Labor Department is pushing to get the revised version of its fiduciary rule to the Office of Management and Budget (OMB) by the end of the month, according to published reports.The Labor... Read More
BY NAPA Net Staff | 1/19/2016
The American Retirement Association (ARA) submitted a comment letter to the Department of Labor (DOL) on Jan. 15, 2016 concerning a proposed regulation under which an individual retirement account (... Read More
BY NAPA Net Staff | 11/30/2015
That “unique representational interest” that the Labor Department feels justifies the sponsorship of an open multiple employer plan (MEP) by a state for its citizens might extend beyond state... Read More
BY NAPA Net Staff | 11/24/2015
The good news is that the Securities and Exchange Commission has established a date for notice of proposed rulemaking (NPRM) for the Personalized Investment Advice Standard of Conduct. The bad news?... Read More
BY NAPA Net Staff | 11/20/2015
The Department of Labor has criticized an effort by a bipartisan group of members of the U.S. House of Representatives to address concerns about its proposed fiduciary rule, with a DOL spokesman... Read More
BY Nevin E. Adams, JD | 11/16/2015
UPDATED TO ADD DOL CONTENT LINKS — NOV. 16, 12:50 P.M.Secretary of Labor Thomas Perez unveiled the DOL’s proposed rule to clarify ERISA's application to state-run IRA programs Nov. 16, creating an... Read More
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