Investment Advice

Updates

protected content Survey Results on Investment Advice Poll

Thank you to everyone who participated in our survey on “Investment Advice Arrangements in Defined Contribution Plans.”  I… More

protected content DOL Releases Re-Proposed Definition of Fiduciary Rule with Exemptions

Today, the Department of Labor’s Employee Benefits Security Administration announced the release of the long-awaited re-proposal of the Definition of Fiduciary/Conflict of Interest proposed rule. The proposed rule would expand entities and persons defined as a fiduciary under ERISA… More

protected content Update on Legislative and Agency Activities on Definition of Fiduciary Re-Proposal

During the last few weeks, there have been some interesting activities surrounding the Department of Labor’s re-proposed definition of fiduciary rule. … More

protected content New Task Force on DOL’s Proposed Regulation on Definition of Fiduciary

As you are aware, a top priority for the Department of Labor’s (“DOL”) Employee Benefits Security Administration (“EBSA”) has been the issuance of a new regulation relating to ERISA’s definition of fiduciary (recently renamed as the “conflict of interest”) regulation. … More

protected content The 113th Congress adjourned sine die (for good) December 16, leaving undone a long list of pressing

The 113th Congress adjourned sine die (for good) December 16, leaving undone a long list of pressing issues for the incoming 114th Congress to tackle. The list includes a number of initiatives that will pull employer-provided benefits into the mix. … More

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ERIC Surveys

House Members Concerned Over DOL Approach on Proposal to Redefine Fiduciary

Thirty-three Democratic members of the House on June 25 wrote to Labor Secretary Hilda Solis expressing concern that the Department of… More

More ERIC Surveys

Legislative Documents

protected content Senator Harkin Introduces USA Retirement Funds Act

Senate Health, Education, Labor and Pensions Committee Chairman Tom Harkin (D-IA), along with Senator Brown (D-OH), on January 30 introduced the USA Retirement Funds Act. ERIC has been working with Senator Harkin’s staff on various provisions of this bill, especially the provisions involving hybrid plan clarifications … More

protected content House Approves Legislation to Promote Coordination of DOL and SEC Rulemaking on Fiduciary Standards

The full House on October 29 approved legislation (H.R. 2374) that would prevent the Department of Labor (DOL) from moving forward on a final rule defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule … More

More Legislative Documents

Letters to Agencies

ERIC Urges Flexibility on Lifetime Income Disclosures

ERIC submitted comments today to the Department of Labor (DOL) recommending that it provide employers with flexibility regarding lifetime income disclosures. … More

Lawmakers Warn DOL over Forthcoming Re-proposal on Definition of Fiduciary

Over 30 House members on June 14 wrote to Acting Department of Labor Secretary Seth Harris expressing concern that the department’s forthcoming re-proposed rule to amend the definition of fiduciary under ERISA “will disadvantage those it aims to help” by severely limiting access to low cost investment advice. … More

House Members Concerned Over DOL Approach on Proposal to Redefine Fiduciary

Thirty-three Democratic members of the House on June 25 wrote to Labor Secretary Hilda Solis expressing concern that the Department of… More

More Letters to Agencies

Press Releases

ERIC Urges Flexibility on Lifetime Income Disclosures

ERIC submitted comments today to the Department of Labor (DOL) recommending that it provide employers with flexibility regarding lifetime income disclosures. … More

More Press Releases