As you may be aware, Employee Retirement Income Security Act (ERISA) fidelity bonds and fiduciary liability insurance are not the same. Both serve to mitigate risk for fiduciaries, and are critical ...

ERISA Fidelity Bond Compliance Reminder for 2026 We urge plan directors to take the ERISA bond requirement seriously.

Department of Labor officials ushered in what is sure to be a fierce, and lengthy, legal battle today with a preview of its long-awaited, and industry despised, Retirement Security Rule. The official ...

The firms filed a suit in Texas court seeking to undue the Retirement Security Rule aiming to rework the definition of what constitutes fiduciary advice for retirement investing. The Department of ...

The Department of Labor is determined to extend fiduciary obligations to annuity sales made with the trillions of retirement plan dollars. Efforts to do so have been at least a decade in the making.

The investment landscape has changed over time, and the Department of Labor (DOL) is intent on changing its regulatory scheme along with it. According to the IRS, in 2020 about 5.7 million Americans ...

In the weeks following a ground-breaking Supreme Court case allowing individual 401(k) participants to sue employers, lawyers have been recommending that advisers require plan sponsors to purchase ...

In making its argument, the Federation of Americans for Consumer Choice, Inc., an insurance industry group, and its co-plaintiffs harkened back to a previous attempt by the DOL to expand the ...

The Department of Labor issued the final version of its investment advice rule last week, a sweeping change that makes one-time IRA rollover recommendations a clear fiduciary act. It has enormous ...

Are the insurance industry and its Washington, D.C., lobbyists winning the war against the Biden administration’s fiduciary rule at the expense of investors? Consumer groups and advocates who want a ...

Following the stays that were issued by the Texas courts, the September 23, 2024, effective date for the DOL’s new fiduciary rule and the amendments to PTE 2020-02 and PTE 84-24 will not go into ...