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Secretary of Labor Thomas Perez used his first appearances before the 114th Congress to deliver a full-throated defense of the DOL’s controversial effort to expand the fiduciary standard of care to financial service providers under the jurisdiction of the department.Perez appeared at two...
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Secretary of Labor Thomas Perez used his first appearances before the 114th Congress to deliver a full-throated defense of the DOL’s controversial effort to expand the fiduciary standard of care to financial service providers under the jurisdiction of the department.Perez appeared at two...
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On March 19, 2015, the Government Affairs Committee (GAC) of the American Society of Pension Professionals & Actuaries (ASPPA) filed a comment letter with the IRS regarding suggested changes to the Employee Plans Compliance Resolution System (EPCRS). The letter provided specific recommendations...
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On March 19, 2015, the Government Affairs Committee (GAC) of the American Society of Pension Professionals & Actuaries (ASPPA) filed a comment letter with the IRS regarding suggested changes to the Employee Plans Compliance Resolution System (EPCRS). The letter provided specific recommendations...
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Securities and Exchange Commission (SEC) Chair Mary Jo White confirmed March 17 that the Commission will “implement a uniform fiduciary duty for broker-dealers and investment advisors where the standard is to act in the best interest of the investor.”The statement, reported by Investment News,...
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The Securities and Exchange Commission should pursue an effort to set new rules for broker-dealers and investment advisors in their work to burnish clients’ pots of gold, March 17 remarks by SEC Chairman Mary Jo White indicated. She made her comments at a meeting of the Securities industry and...
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ASPPA is always providing information and insights that will be valuable to its members! Following is a summary of upcoming webcasts and events for ASPPA members.Live WebcastsMaking Sense of MEPs and Other Fiduciary Delegation ModelsWednesday, April 8, 20152:00 p.m. - 3:40 p.m. ETSpeaker: Robert J...
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Your plan sponsor clients just got a little more breathing room on those annual 401(k) plan investment notices.The U.S. Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) has announced a direct final rule that provides a two-month grace period for participant-directed...
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The priority guidance plan for 2015-2016 for the Treasury Department and IRS is not yet set in stone. But they are working on it. And in Notice 2015-27, they have invited recommendations on what exactly should be in that plan.The plan will identify projects that the Treasury Department and the IRS...
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Record highs on Wall Street did little to motivate participant movement in February — and while transfers favored fixed income during the month, international funds also had some allure.According to Aon Hewitt’s 401(k) Index, which tracks the activity of roughly 1.3 million participants and $160...
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