Pension Resource News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A change made by the DOL restricts an exemption many asset managers that oversee retirement plan investments have relied upon.

The DOL continued its fast-track pace of its fiduciary rule, sending a final version to the OMB that will likely be released in weeks.

Advisors who make one-off recommendations to 401(k) plans and participants may face a new reality under the latest DOL fiduciary rule.

DOL is pursuing fewer cases — but much bigger payouts Last year, the Department of Labor closed less than a third of the number of cases it did in 2014, but total recoveries were six times higher. June 1, 2021 2 MINS DOL investigations are resulting in the biggest 401(k) recoveries the agency has ever seen, even as the number of cases it closes has been declining. The agency has been pursuing bigger investigations, part of an initiative started in 2013 to go after plan violations that affect a larger number of participants. The recent numbers suggest that the effort is...

DOL arms investors with rollover questions that could catch some advisers off guard The timing of those questions, such as 'are you a fiduciary?' is not great for advisers relying on the DOL’s temporary enforcement policy until Dec. 20, the compliance deadline for the new rules, one lawyer said. April 20, 2021 3 MINS The DOL issued guidance last week about the fiduciary implications of rollover recommendations – but a set of questions it published the same day for account holders could create problems for some advisers. The regulator last Tuesday published a set of a...