8/23/2010
Brokers that regularly provide individualized investment advice to employment-based retirement plans from which they collect 12b-1 fees or commissions in violation of DOL rules are going to have to clean up their act with the implementation of a new disclosure rule that could highlight such a transg ...
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7/26/2010
If your firm serves as fiduciary to an ERISA pension plan, get ready for an onslaught in the next year of disclosures about compensation from service providers as a result of an interim final rule published earlier this month by the Department of Labor.The rulemaking makes disclosures about direct a ...
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07/16/2010
An interim final rule from the Labor Department, released in July 2010, requiring certain disclosures by service providers to fiduciaries of ERISA plans.
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7/5/2010
Most ERISA plan fiduciaries must annually electronically file with the Department of Labor a Form 5500. One mistake many fiduciaries commit is filing late. Other errors are forgetting to include the plan accountant's audit report and failing to keep a close eye on plan service providers.If you're la ...
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6/7/2010
CCO and Managing Member Michael Miller of Miller Premier Investment Planning left no doubt how the Department of Labor should shape future regulations related to pensions: the independent fee-only investment adviser and fiduciary is the only proper way to give "unbiased and unconflicted advice."Mill ...
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3/15/2010
You can have a hand in how the federal government regulates ERISA, annuities and other retirement options. The Department of Labor, Treasury and the IRS want to hear from you - by May 3. The agencies have put out a request for information seeking answers to dozens of questions designed to "enhance, ...
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3/8/2010
If your firm gets compensation from an affiliated custodian holding client ERISA and IRA accounts, pay attention to a new proposal from the Labor Department. It closely mirrors a rule issued as one of the last acts of the Bush Administration. The Obama Administration never implemented the provisions ...
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9/21/2009
The day after President Bush's term ended, the Department of Labor released a final ERISA rule that expanded the ability of investment advisers to be exempted from the Pension Protection Act of 2006 (PPA). Now - six months after the rule took effect - the Obama Administration is indicating it may sc ...
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8/3/2009
There'll be new space on Schedule C (service provider information) of the Department of Labor's trusty Form 5500 later this year reserved to report compensation received by investment advisers. Each year ERISA plans - including 401(k)s - must complete the form but a big change to be largely felt in ...
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2/2/2009
Daniel Fisher wants his old job back. Last month the financial consultant persuaded a Labor Dept. administrator that Fisher's employer, Wells Fargo, had retaliated against him for reporting that a top performer was violating the firm's code of ethics by gaming and selling away - two potential SEC vi ...
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