Page 2 - Tim Hauser News Today

OIRA has canceled its final meetings on the proposal, and a final rule is considered likely for early next week.

The final draft has been written and now will undergo a review expected to take about 60 days.

Ali Khawar, of the Employee Benefit Security Administration, indicated that the agency may be set to finalize amendments to the fiduciary correction program in the coming months.

The House of Representatives hosted a second hearing on the retirement security proposal, during which witnesses disagreed on the adequacy of existing rules and the proposal’s potential to restrict access to financial products.

Tim Hauser sat down with PLANSPONSOR to discuss the merits of the proposal.

According to the recordkeeping giant, the proposal would reduce plan and participant access to sales conversations and recordkeeping services.

The members of the Manhattan Transfer explain why they decided to disband and do a farewell tour, which ended Friday at Disney Concert Hall in L.A.

After two days of hearings, the fiduciary adviser rule has been strongly criticized by the insurance industry but broadly supported by the adviser industry and consumer advocates.

Founded 51 years ago, the jazz and pop quartet has just two of its original founding members still in the mix

Federal regulations require insurers to promptly hand over records to patients facing claim denials. Some insurers only turned over their files after ProPublica reached out.