Nevin Adams

Two more lawsuits have been filed charging the Department of Labor’s (DOL) fiduciary regulation with a host of “sins” and shortcomings.One was filed by the Indexed Annuity Leadership Council (IALC), an association of insurance companies that offer fixed indexed annuities, along with several... READ MORE

Another group of litigants has weighed in on the fiduciary regulation, claiming that it will injure American workers, is “contrary to law, arbitrary and capricious, and violates the First Amendment.”This third lawsuit was brought by the American Council of Life Insurers, the National Association of... READ MORE

Among the assorted “idiot lights” that adorn my current car dashboard is one that alerts me to low tire pressure.It’s come in handy on precisely two occasions — one when a nail had punctured my tire (though I had already discerned that I had a problem from the sound of the flat tire nanoseconds... READ MORE

A recent Supreme Court case that didn’t have anything to do with ERISA is already having an impact on ERISA litigation — and could have more in the years to come.At issue is what kind of harm must be alleged in order to have standing/sue — and the Supreme Court’s decision in Spokeo Inc. vs. Robins... READ MORE

Less than 24 hours after the filing of litigation challenging the Department of Labor’s (DOL) fiduciary regulation, a second lawsuit was filed June 2.This one, filed in the U.S. District Court for the District of Columbia by the National Association for Fixed Annuities, seeks to “challenge and... READ MORE

During my recent vacation, I had the chance to check in with some “real” people about their retirement accounts.As I’m sure is the case for many of you, when it comes to my family, I am the de facto retirement “go to” person (and worth every penny they pay for the counsel). It turned out to be an... READ MORE

In a much-anticipated ruling, the Treasury Department has rejected the Central States pension fund’s controversial petition seeking to cut participant and retiree benefits.The Central States application for consideration stated that, without a suspension in benefits, the plan was projected to... READ MORE

Every so often someone puts out a list of what are said to be the “best” 401(k) plans, based on varied benefits and plan design structure criteria. But for my money, here’s what the best plans do.Make it easy to start — right.No matter how well done the materials, the time allotted to education... READ MORE

I was recently asked by a reporter if the new fiduciary regulation was “needed.” The question caught me a bit off guard, because having been in “figure out how to deal with this” mode for most of the past year, I had long since moved past “why” and “if” to “when” and “how.”After a quick pause, I... READ MORE