Department of Labor

• 

  DOL’s Borzi: Lawmakers Can’t Hold Back Fiduciary Plan

  By Melanie Waddell, AdvisorOne  |  June 18, 2013

  Efforts by members of Congress to slow the DOL’s reproposal of its fiduciary rule will have little to no effect, Phyllis Borzi, assistant secretary of DOL’s Employee Benefits Security Administration, said Tuesday.

• 

  Bill Would Force DOL to Let SEC Fire First on Fiduciary

  By Melanie Waddell, AdvisorOne  |  June 17, 2013

  The House Financial Services Committee plans to mark up a bill introduced Wednesday that would require the DOL to wait 60 days to publish its fiduciary rule after the SEC has released its own measure.

• 

  DOL, SEC Enforcement: CEO Steals Detroit Police, Firefighter Pension Cash to Buy Strip Malls

  By Marlene Y. Satter, AdvisorOne  |  June 13, 2013

  The CEO of MayfieldGentry Realty Advisors in Detroit was charged along with four others for stealing $3.1 million from the pension fund; meanwhile, Whittier Trust was slammed for insider trading.

• 

  Senate Introduces Lifetime Income Disclosure Act

  By Melanie Waddell, AdvisorOne  |  June 13, 2013

  Senators on Wednesday introduced a bill to allow workers in retirement plans to receive an annual statement of how their lump-sum savings translate into a lifetime stream of monthly income.

• 

  Pershing’s Collaborative Culture and CEO DeCicco’s Priorities

  By James J. Green, AdvisorOne  |  June 10, 2013

  In an interview during Insite 2013, CEO Ron DeCicco and COO Lisa Dolly discuss the custody and clearing firm’s priorities and human capital culture.

• DOL’s Borzi: Fiduciary Redraft Out a Couple of Months After July

  By Melanie Waddell, AdvisorOne  |  June 4, 2013

  The DOL's reproposed fiduciary rule will likely be released a "couple" of months after July, Phyllis Borzi, assistant secretary for EBSA, said during a Tuesday afternoon meeting with the ERISA Advisory Council.

• 

  JPMorgan, ADP to Wind Up 180 Abandoned DC Plans

  By Melanie Waddell, AdvisorOne  |  June 3, 2013

  DOL announced that it had approved a process for JPMorgan Chase and ADP to terminate and wind up about 180 DC pension plans abandoned due to corporate crises or neglect.

• 

  House Measure to Slow Fiduciary Rulemaking Poses Little Threat: Industry Officials

  By Melanie Waddell, AdvisorOne  |  May 23, 2013

  A discussion draft introduced Thursday designed to stymie efforts by the SEC and DOL to craft fiduciary rules will prove to be of little consequence, fi360's Duane Thompson and other experts said.

• 

  The CFP Board’s CE Proposal: What’s Driving This Flawed Idea?

  By Michael E. Kitces  |  May 22, 2013

  In the final post in a series, an exploration of what may be behind the CFP Board’s proposal to offer continuing education. Is it looking to compete with other planning associations?

• 

  What It Means to Be an Advisor

  By John Sullivan, AdvisorOne  |  May 21, 2013

  An outspoken group of top advisors convened at the Curian Conference in Chicago to sound off on everything from the political climate to women as a niche market to retirement income and behavior, and more.