President Obama's term in office may be coming to an end, but his administration still has an “upside-down” eye on retirement reforms — and not just the fiduciary reproposal.Speaking on Capitol Hill... Read More
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Regulatory Agencies
BY NAPA Net Staff | 5/4/2015
It’s Small Business Week, and the IRS has issued a reminder about a special penalty relief program for certain required retirement plan returns — and it could be useful for your plan... Read More
BY NAPA Net Staff | 4/24/2015
The Department of Labor will not extend the 75-day comment period for its conflict-of-interest rule, Labor Secretary Thomas Perez said April 23.Asked about his response to requests by industry groups... Read More
BY Andrew Remo | 3/26/2015
The Securities and Exchange Commission and Department of Labor are both working on fiduciary issues — but their different approaches appear to be on different schedules.Earlier this week it was... Read More
BY Ray Harmon | 3/19/2015
Securities and Exchange Commission (SEC) Chair Mary Jo White confirmed March 17 that the Commission will “implement a uniform fiduciary duty for broker-dealers and investment advisors where the... Read More
BY Andrew Remo | 3/19/2015
Secretary of Labor Thomas Perez used his first appearances before the 114th Congress this week to deliver a full-throated defense of the DOL’s controversial effort to expand the fiduciary... Read More
BY Fred Barstein | 3/18/2015
Advisors are now clearly in the crosshairs of Employee Benefit Security Administration (EBSA) enforcement personnel, according to the Groom Law Group. A recent article by the Washington, DC-... Read More
BY John Iekel | 1/26/2015
Call it a conspiracy or coincidence, but it seems that the SEC, FINRA, the DOL and the White House are all singing from the same hymnal: eliminate potential conflicts of interests by brokers when... Read More
BY NAPA Net Staff | 1/12/2015
A regulation that would allow for a “window” period for giving out the annual notice required in most 401(k) plans appears to be heading for a spring 2015 publication date — and... Read More
BY NAPA Net Staff | 12/23/2014
U.S. Secretary of Labor Thomas E. Perez has announced the appointment of five new members to the 2015 Advisory Council on Employee Welfare and Pension Benefit Plans — also known as the ERISA... Read More
BY NAPA Net Staff | 12/1/2014
Just ahead of the Thanksgiving holiday, industry headlines proclaimed that the long-awaited fiduciary regulation reproposal was likely to be published in January. But that “call” may have... Read More
BY Ray Harmon | 11/21/2014
When President Obama named Loretta Lynch as his nominee to replace U.S. Attorney General Eric Holder, speculation about Secretary of Labor Tom Perez being tapped for the role was put to rest, while... Read More
BY Ronald J. Triche | 11/20/2014
The NAPA Government Affairs Committee submitted a comment letter Nov. 19 to the Department of Labor regarding the use of self-directed brokerage (SDB) windows and accounts in ERISA-covered... Read More
BY NAPA Net Staff | 11/20/2014
The SEC has issued its 2014 Agency Financial Report, in which it outlines the actions it undertook in 2014 and its goals for 2015. Investment News notes that the report is vague about whether the SEC... Read More
BY Nevin E. Adams, JD | 11/19/2014
Five members of the Senate Finance Committee are asking Treasury Secretary Jack Lew for some retirement plan relief. The letter — signed by Senate Finance Committee Chairman Ron Wyden (D-Ore... Read More
BY NAPA Net Staff | 11/13/2014
The Internal Revenue Service is reminding low- and moderate-income workers — as well as the advisors who work with them — about an opportunity to earn a special tax credit while they save... Read More
BY Ray Harmon | 11/7/2014
The ERISA Advisory Council has now made its final recommendations of 2014, and got an update on regulatory proposals in return. On Nov. 4, the DOL’s ERISA Advisory Council followed up on its... Read More
BY John Ortman | 9/14/2012
Revised Field Assistance Bulletin 'effectively eliminates' several significant fiduciary requirements, says ABC's Dudley
The Department of Labor's Employee Benefits Security Administration (... Read More
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