Sentences with phrase «dol fiduciary regulation»

Not exact matches

Broad - based proposed legislation could bring wide - sweeping reforms to financial market regulation and undo Dodd — Frank and the DOL Fiduciary Rule.

Since the DOL announced it would not delay the Fiduciary Rule on May 22, we've received several calls from anxious clients unclear about how the regulation affects their 401 (k) plan and / or fiduciary lFiduciary Rule on May 22, we've received several calls from anxious clients unclear about how the regulation affects their 401 (k) plan and / or fiduciary lfiduciary liability.

Said Barbara Roper, director of investor protection of the Consumer Federation of America: «By closing loopholes in the current regulations and subjecting all retirement investment advice to a fiduciary duty to act solely in the best interests of the client, a well - crafted DOL rule has the potential to save millions of Americans billions of dollars each year.

Marilyn Mohrman - Gillis, executive director of the Certified Financial Planner Board of Standards» Center for Financial Planning and head of public policy, noted on a panel discussion moderated by Borzi that DOL's fiduciary rule will «hopefully [be] the tip of the iceberg to push other rules and regulations to protect investors.»

So, more regulation will continue like Healthcare Reform Act as well as DOL fiduciary rules.»

Performing an annual review helps confirm that a plan is meeting applicable requirements under the Employee Retirement Income Security Act of 1974 («ERISA») and related Internal Revenue Service (IRS) and Department of Labor (DOL) regulations and guidance, which is one of the essential responsibilities ofa plan fiduciary.

Given the Trump Administration's misgivings about the Fiduciary Rule, there is a good bet the DOL will let the regulation die.

Rather than spell out specific guidance on how plan fiduciaries should act, the Department of Labor (DOL) has historically emphasized enforcement over regulation and guidance, the Center says.