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The Department of Labor plans to repropose its controversial rule amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA) shortly after the first of the year, Phyllis Borzi, assistant secretary for DOLs Employee Benefits Security Administration (EBSA), told a group of retirement plan specialists on Tuesday.

An important aspect of the regulations that is often overlooked is the requirement that service providers must justify compensation by describing the services they provide.

Congress recognized and tried to address investor mistakes by passing the 2006 Pension Protection Act. But the 2006 PPA only went half way and ignored critical academic research.

When the Department of Labors Employee Benefits Security Administration re-proposes its fiduciary rules, it must take into account their effect on broker/dealers, plan sponsors, record keepers and plan auditors, says Jeleen Guttenberg, a partner in the law firm Bracewell & Giulianis Employee Benefits, ERISA, and Executive Compensation group.

No CLASS, fiduciary reboot, and how the flu is infecting employers profits.

Kenny Rogers said, you gotta know when to hold em and know when to fold em. This week, the DOL folded them.

Bowing to pressure from members of Congress, industry groups, and the public, the Department of Labors Employee Benefits Security Administration (EBSA) said Monday it would repropose its controversial rule amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA).

Jeopardy champ attempts to revamp health care, while Congress looks to meddle with 401(k)s