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.
Industry experts say they've received credible information that the Trump administration will delay the fiduciary rules implementation date. But that's not stopping some firms from trying to comply.
The Trump administration may take action this week to delay the fiduciary rule, but other possibilities make the future complicated to predict. Here's what we're hearing.
The audacity of Labor's Perez and Borzi in championing a fiduciary rule leaves a legacy, but whether it will be a destructive one or a positive one depends on whom you're talking to.
Labor released a proposed class exemption that would qualify IMOs as financial institutions under the rules Best Interest Contract Exemption. But there's a catch and it's called 'cash reserves.'
The top 5 largest class-action lawsuit settlements in 2016 were dominated by so-called church plan cases involving pensions, but a 401(k) excessive fee case made the list, too. Here are the top five settlements in dollars.
Student loan service Navient cheated borrowers, the Consumer Financial Board alleged in announcing its lawsuit against the largest student loan servicer.
According to benefits attorney Fred Reisch: 'Insurance companies can market their group variable annuity contracts to 401(k) plans without concern of fiduciary status.'
A review of company websites for 25 brokerage and insurance firms challenging the Department of Labors fiduciary rule in court finds that firms present themselves to clients as working in a client's best interest, but in legal filings they claim otherwise, says the Consumer Federation of America and Americans for...
The Financial Stability Board, whose members include the U.S. Federal Reserve and the Bank of England, recommended that regulators bolster oversight of exchange-traded, mutual and other funds to ensure they can withstand market stress.