With 401(k) litigation increasing, plan advisors and plan sponsors need to know the latest laws as well as strategies attorneys are using to sue employers and advisors. BenefitsPRO's legal coverage includes news, analysis and updates on cases.
Many in the financial and insurance services industry will welcome the news that Labor is seeking a delay of the fiduciary rule -- but a delay is not guaranteed, nor can OMB immediately sign off on the request.
In its comment letter to the DOL regarding the fiduciary rule, compliance support provider Dalbar submitted a proposed Sales Professional Exemption its CEO Louis Harvey says could work.
The 5th Circuit Court of Appeals may prove to be the venue most favorable to the plaintiffs' claim that the DOL exceeded its statutory authority in crafting the fiduciary rule. Here's why.
Hackers likely used tools exposed in a hack of the NSA -- but that doesn't mean companies can easily sue the government over recent data breaches and win, experts say.
Broker-dealers and advisors to 401(k) plans face key compliance requirements under the existing transition period for the rule -- and sponsors will need to know if their advisor is deploying the BIC Exemption, and more.
Republican proposals would let brokers and insurance agents sell proprietary products and earn commissions without accessing the prohibited transaction exemptions created in the fiduciary rule.