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DOL's proposal for new fiduciary standard moves to comment period
trueThe Department of Labor is moving full steam ahead with a proposed fiduciary standard for anyone giving retirement investment advice after years of retrenching, officials announced Tuesday.
trueLitigation, regulation, legislation and some consternation emerged as dominant themes at the annual Pensions & Investments' East Coast Defined Contribution Conference, held March 1-3 in Miami.
Charts: Advice seekers in DC plans
trueA recent study revealed differences in who seeks advice from plan sponsors in defined contribution plans.
U.S. Chamber of Commerce warns of fiduciary rule overkill
trueA new fiduciary rule proposal expected shortly from the Department of Labor could have negative unintended consequences, said benefits policy experts at a U.S. Chamber of Commerce forum Friday.
Aon Hewitt: DC plans sharpening tools for retirement planning
trueDefined contribution plans are expanding efforts to provide financial advice and retirement planning tools, said a survey from Aon Hewitt published Wednesday.
DOL fiduciary rule proposal on track for January
trueThe Department of Labor will propose a new fiduciary rule in January 2015, said an updated regulatory agenda issued by the Office of Management and Budget.
Precision, flexibility vital for DC plans, say speakers at P&I conference
trueDefined contribution executives need to be both precise and flexible in the managing of their plans, according to fellow sponsors, consultants and providers who spoke at the annual Pensions & Investments West Coast Defined Contribution Conference, held Oct. 26-28 in San Diego.
White-label funds on rise for DC plans
trueDefined contribution plan executives increasingly are replacing brand-name mutual funds with no-name options, trying to simplify investment lineups, increase portfolio diversity and reduce fees.
Exelon powers up major 401(k) plan changes
trueExelon Corp. has overhauled the design and investments of its $6.2 billion 401(k) plan, seeking to provide greater diversification and simplicity while reducing costs.
Lawsuit against Financial Engines a red flag for plan executives
trueGRQ Investment Management filed a lawsuit Aug. 8 against Financial Engines and Financial Engines Advisors in U.S. District Court claiming Financial Engines infringed on a pair of patents belonging to GRQ.
Sacramento utility seeks consultant for two DC plans
trueSacramento (Calif.) Municipal Utility District is searching for an investment consultant for its $208 million 401(k) and $99 million 457 plans
DOL fiduciary rule delayed until 2015
trueA proposed rule updating the definition of a fiduciary will not come out in 2014, according to the Department of Labor regulatory agenda published May 23 in the Federal Register.
Tennessee in hunt for third-party administrator for 3 plans
trueTennessee Department of the Treasury, Nashville, is searching for a third-party administrator for the state's 457 and 401(k) plans, and 529 college savings plan.
Florida names finalists for 401(a) financial education, advice
trueFlorida State Board of Administration named Ernst & Young Investment Advisers, Financial Engines Advisors and Financial Soundings Investment Advisor as finalists in a search for financial education and advice services to participants of the $7.4 billion Florida Retirement System 401(a) investment ...
Financial Engines picks executive VP of distribution, institutional sales
truePaul Gamble was named executive vice president of distribution and institutional sales at Financial Engines.