Jump to Navigation
Jump to Content

401(k) plans

Obama puts weight behind push for fiduciary standard

News Item

With President Barack Obama now leading the charge, a multiyear battle to update a fiduciary standard for anyone giving retirement investment advice has defined contribution plan executives and service providers bracing for big changes.

More...

DOL Fiduciary Re-Proposal Fires Up Foes, Supporters, as They Brace for Battle

News Item

Opponents and supporters of the Department of Labor's fiduciary rule began gearing up for battle as soon as President Barack Obama said that he was throwing his support behind it.

More...

DC execs expecting big changes from Obama push on fiduciary standard

News Item

With President Barack Obama now leading the charge, a multiyear battle to update a fiduciary standard for anyone giving retirement investment advice has defined contribution plan executives and service providers bracing for big changes.

More...

President Obama calls for new consumer protections

Blog entry

At a briefing hosted by AARP yesterday, I had the privilege of watching President Obama announce his support for a proposed rule to put a brake on conflicts of interest in investment advice for retirement acco

More...

Groups Debate Effects of Plan Fee Litigation In Competing Supreme Court Amicus Briefs

News Item

The effect of plan fee litigation on workers’ retirement savings has sharply divided various industry groups, which filed competing amicus briefs with the U.S. Supreme Court in an upcoming case involving Section 401(k) plan fees (Tibble v. Edison Int’l, U.S., No. 13-550, arguments scheduled 2/24/15).

More...

Obama Attacks Advisors Selling Snake Oil, Lauds New DOL Fiduciary Rule

News Item

Take two. President Barack Obama today called on the Department of Labor to move forward with a proposed rulemaking to require retirement advisers to put their clients’ best interest before their own profits. It’s a rewrite of the dropped 2010 rewrite of the 40-year-old fiduciary rule. (The 2010 rewrite was withdrawn in 2011 amidst industry furor.)

More...

Justices Wrestle With Monitoring Duties Of 401(k) Fiduciaries During Oral Argument

News Item

Whether 401(k) plan fiduciaries in monitoring investments must look for cheaper options was the question dividing justices and litigants when the U.S. Supreme Court heard oral argument Feb. 24 in a case involving the time frame in which plan participants can challenge their plan's investment options.

More...

Pension Rights Center Applauds Labor Department’s Release of Proposed Rule on Conflicted Investment Advice to OMB

News Release

Washington – In a long-awaited move towards protecting millions of workers and retirees by stopping conflicted financial advice in retirement savings plans, the U.S. Department of Labor (DOL) today sent a proposed fiduciary regulation to the Office of Management and Budget (OMB), which now has up to 90 days to review the rule.

More...

Retirement Savings Flows and Financial Advice: Should You Roll Over Your 401(k) Plan?

Publication

This paper addresses several issues relating to rollovers from 401(k) plans to IRAs, including the extent of inertia among pension participants, the extent to which defaults (which are to not rollover) are effective in influencing behavior of participants, the extent of financial errors made by pension participants, the quality of advice pension participants are receiving (and how that may be a

More...

High-Court Spotlight Put on 401(k) Plans Supreme Court to hear arguments in case that could have broad implications for the way people save for retirement

News Item

The U.S. Supreme Court is scheduled to hear arguments Tuesday in a case that could have broad implications for the way millions of Americans save for retirement. The court will focus on a narrow issue concerning the statute of limitations in the case, called Tibble v. Edison International.

More...
print Syndicate content