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Retirement Plan › Employee Retirement Income Security Act (ERISA) › Presidential Memorandum

BCLP

DOL FAQs Guide Compliance Efforts during Fiduciary Rule Transition Period

BCLP on

The Department of Labor has issued guidance in the form of Frequently Asked Questions to help firms and their advisers impacted by the Fiduciary Rule know what is expected on and after June 9, 2017, on and after January 1,...more

A&O Shearman

DOL Announces No Further Delay to Implementation of the ‘Fiduciary Rule’

A&O Shearman on

On May 22, 2017, Secretary of Labor Alexander Acosta announced that the DOL has found no “principled legal basis” to further delay the June 9, 2017 applicability date of its “fiduciary rule.”...more

Goodwin

DOL Fiduciary Rule: 60-day Delay to the Applicability Date Finalized

Goodwin on

The delay came in response to the Presidential Memorandum issued on February 3, 2017, regarding the Fiduciary Rule. The Presidential Memorandum directed the DOL to conduct an updated impact assessment on whether the Rule “may...more

Proskauer Rose LLP

ERISA Newsletter - First Quarter 2017

Proskauer Rose LLP on

After a brief hiatus, Proskauer's ERISA Newsletter is back with a brand new look. We hope you like it and find it is easier to navigate. In addition to implementing our new format, we have moved to a quarterly publication...more

Katten Muchin Rosenman LLP

DOL Proposes to Delay Fiduciary Advice Rule, Requests Comments on Delay and on Costs, Benefits of the Rule

Katten Muchin Rosenman LLP on

On March 2, the US Department of Labor (DOL) published a proposed extension (the "Proposal") of the effective date of what is commonly referred to as the "fiduciary rule" or the "fiduciary advice rule" (the "Rule"). The Rule...more

Morgan Lewis

Fiduciary Rule—Not Delayed Yet

Morgan Lewis on

60-day delay proposed, comments requested on president’s study. The US Department of Labor (DOL) has proposed to delay the applicability date of the fiduciary rule (and related prohibited transaction exemptions) by 60...more

Goodwin

DOL Fiduciary Rule: Proposed Delay to the Applicability Date

Goodwin on

The DOL’s proposal comes in response to the Presidential Memorandum issued on February 3, 2017, regarding the Fiduciary Rule. The Presidential Memorandum directed the DOL to conduct an updated impact assessment on whether the...more

Jackson Lewis P.C.

DOL Fiduciary Rule – A Proposed Delay and Uncertain Future

Jackson Lewis P.C. on

We’ve previously written about the Department of Labor’s new fiduciary rule, which expands the definition of who is considered a fiduciary under the Employee Retirement Income Security Act, as amended (“ERISA”) and the...more

A&O Shearman

President Trump Issues Presidential Memorandum Mandating Reconsideration of the Fiduciary Rule

A&O Shearman on

President Trump issued a Presidential Memorandum requiring the US Department of Labor to reconsider its proposed “fiduciary rule,” which subjects many of the investment recommendations from financial advisors to retail...more

Snell & Wilmer

A Rule Deferred: Department of Labor Delays Implementation of Fiduciary Rule

Snell & Wilmer on

As we previously discussed in our May 19, 2016 SW Benefits Update, the Department of Labor (the “Department”) previously issued final regulations on fiduciary conflicts of interest in retirement programs. The rules, which...more

McAfee & Taft

New White House memorandum likely to result in delay of fiduciary rule

McAfee & Taft on

Last Friday, President Trump issued a memorandum for the U.S. Secretary of Labor that seems likely to result in the delay of key regulations issued under the Obama administration, which are currently set to become applicable...more

Jackson Lewis P.C.

President Trump Orders Review of DOL Fiduciary Rule and Addresses Financial Industry in Latest Actions

Jackson Lewis P.C. on

On February 3, 2017, President Trump took actions aimed at alleviating some of the regulatory burdens on the financial services industry. Through a Presidential Memorandum, President Trump ordered the DOL to “examine the...more

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