Legal

Rumors circulating that the DOL will delay implementing the fiduciary rule are unfounded, but the outcome of the Presidential election could affect the rule, ERISA attorneys Campbell and Reish say.

Let's give Anthony Scaramucci, an economic adviser to Trump, the benefit of the doubt when he compares the fiduciary rule to the 1857 Supreme Court ruling which held that African-Americans were property, not U.S. citizens. If it were me, I would apologize and move on.

What Thrivent is asking for is relief from the provision of the fiduciary rules Best Interest Contract Exemption that prohibits class-action waivers in contracts.

As states move on retirement plans, questions remain as to whether or not state payroll deduction programs would inadvertently cause participating employers to establish ERISA-covered plans.

A new law signed today mandates that California employers with five or more workers sponsor a retirement plan.

The DOL fiduciary rule will disrupt institutional financial advising as well as retail, but it must not paralyze the industry, a panel at IRI's annual meeting said.

Experts say the U.S. Department of Labor is on shaky ground in how it regulated fixed indexed annuities.

The proposals that Hillary Clinton has announced are "fairly modest from a macroeconomic point of view," a UBS report says.