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.
For opponents of the DOLs fiduciary rule, delaying implementation may provide a path of lesser resistance. Still, insurance carriers and financial industry professionals can't afford not to continue with compliance efforts.
As a candidate, Trump said he would scrap Dodd-Frank, Congresss attempt to legislate new rules that would prevent a repeat of the 2008 financial crisis.
Stay in touch with changes to the DOL fiduciary rule as ThinkAdvisor/Investment Advisor's Washington Bureau chief Melanie Waddell discusses implications of President-elect Trump's administration on the rule.
If the Trump administration is able to dismantle the DOL fiduciary rule, either through administrative action or through legislation, all bets are off regarding the 4 pending lawsuits against the rule, says an ERISA expert.
While Trump vowed to repeal and replace both the Affordable Care Act and the 2010 Dodd-Frank Act, he did not make specific mention of the DOLs fiduciary rule. And even if it's rolled back, the wheels are already in motion for a uniform fiduciary standard among providers of retirement advice.
Tax, benefits and retirement issues are slated for new scrutiny under Trumps Labor Department. Learn more about the man he has named leader of his labor transition team -- J. Steven Hart.