Sentences with phrase «fiduciary rulemaking»

Eversheds Sutherland has been actively involved in the expanded DOL fiduciary rulemaking process since before the original proposal was released in October 2010.

Today, more than four years since Congress passed the Dodd - Frank Act, the SEC continues to evaluate whether or not to move forward with fiduciary rulemaking.

Ketchum told ThinkAdvisor that «we're more than willing to be in a dialogue with the SEC and, for that matter, the Labor Department» on a fiduciary rulemaking.

«While the Financial Planning Coalition takes no view on a rule that has yet to be proposed, we believe that the DOL should be allowed to proceed with its fiduciary rulemaking process, including issuing a draft rule for public comment.»

DOL has been promoting savings via its state - run retirement plan guidance and protecting consumers via the fiduciary rulemaking, Perez said, adding that eight states have passed state - based retirement initiatives.

Johnson released in February a report titled «The Labor Department's Fiduciary Rule: How a Flawed Process Could Hurt Retirement Savers,» which stated that the DOL «disregarded concerns and recommendations» from SEC staff regarding its fiduciary rulemaking.

If advisers fully adhere to these requirements, affected investors will generally receive the full gains due to the fiduciary rulemaking.

Not exact matches

As compared to the contract, disclosure, and warranty requirements of the BIC Exemption and Principal Transactions Exemption, the Fiduciary Rule and the Impartial Conduct Standards are among the least controversial aspects of the rulemaking project (although not free from controversy or unchallenged in litigation).

The Fiduciary Rule and PTEs followed an extensive public rulemaking process in which the Department evaluated a large body of academic and empirical work on conflicts of interest, and determined that conflicted advice was causing harm to retirement investors.

Many commenters also based support for delay on opposition to the substance of the Fiduciary Rule and PTEs, as written, and disagreement with the conclusions reached in the final rulemaking and associated Regulatory Impact Analysis.

The Office of Management and Budget has no choice but to return the fiduciary rule on the grounds that the Department of Labor did not do its duty adequately under the rulemaking process.

However, despite continued pushback from the broker - dealer and insurance industries on the controversial rulemaking — and delays — Saxon told ThinkAdvisor that he doesn't believe that Phyllis Borzi, assistant secretary of labor for DOL's Employee Benefits Security Administration, the main architect of the fiduciary rule, «is ever going to give up» on making sure the fiduciary redraft sees the light of day.

As a practical matter, the Department of Labor will need a significant amount of time - at the very least through the June 9, 2017 date it proposes - to conduct the review the President directed and determine upon the issuance of a notice of proposed rulemaking to revoke or modify the Fiduciary Rule.

«Nothing hard is easy; nothing worth doing is easy,» Ketchum responded, adding that while he has «tremendous respect» for the «range of concerns» expressed by some SEC commissioners regarding a fiduciary rule for brokers, he has «great confidence» in White being able «to move this [rulemaking] forward.»

The February 2015 document she references, The Effects of Conflicted Retirement Advice on Retirement Savings, was used by the Obama administration to support the Department of Labor's ongoing rulemaking that would redefine fiduciary under ERISA.