Legal

The new RMD rule, finalized by the IRS, requires annual minimum inherited retirement assets to begin the year after the participant's death.

The Fifth Circuit Court of Appeals confirmed a class action certification against FBG in a new panel ruling.

The House Education and the Workforce Committee voted Wednesday to advance a resolution to overturn the Department of Labor's new fiduciary rule, which is also facing two lawsuits filed in federal courts.

The Republican-led state attorneys general oppose a Department of Labor rule that permits environment, social and governance factors to be considered when when selecting investments for clients.

The Securities Industry and Financial Markets Association (SIFMA) & Financial Services Institute (FSI) argue that the rule — while intended to strengthen investor protections — would actually limit their access to retirement products.

The ERISA Industry Committee wants the DOL to scale down what it calls "excessive amounts" of participant information for its SECURE 2.0-mandated Retirement Savings Lost and Found database to be launched in 2024.