Labor

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  DOL Slams ING Life and Annuity With $5.2M Fine

  By Melanie Waddell, AdvisorOne  |  February 4, 2013

  The company was fined over its failure to disclose investment gains achieved when it failed to process requested transactions in a timely manner.

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  The Morning After…

  By David Tittsworth, IAA  |  November 7, 2012

  Now that the election is over, how can we move the ball forward—for your businesses and your clients—during the coming months and weeks?

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  President Romney’s Cabinet: Who Would He Choose?

  By Marlene Y. Satter, AdvisorOne  |  October 25, 2012

  If Gov. Romney wins the election, his Cabinet will take a very different direction on economic policy than Obama’s. Here are some of the choices to head those key posts.

• Borzi on the Hot Seat, Again

  By Melanie Waddell, AdvisorOne  |  July 24, 2012

  Phyllis Borzi is once again feeling heat—this time from House Democrats—over her insistence on including individual retirement accounts (IRAs) in the Department of Labor’s reproposed fiduciary rule.

• Voter Discontent

  By Alexei Bayer  |  June 27, 2012

  Several recent elections in Europe were seen as a referendum on fiscal austerity (and fiscal discipline) and their results were presented as a mood shift in favor of more government spending and economic stimulus.

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  DOL Enforcement Roundup: Two Accused of Misusing Pension Funds

  By Marlene Y. Satter and Melanie Waddell, AdvisorOne  |  June 15, 2012

  The director of an Illinois-based investment management firm was ordered to restore $1.2 million to four pension plan client accounts, while an advisor was accused of misusing $3.2 million in retirement plan funds.

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  Fierce Opposition to Labor Department’s Fiduciary Proposal

  By Dale Brown, Financial Services Institute  |  April 10, 2012

  As comments from the House committee hearing over the redefinition make clear, opposition to the DOL’s redefinition of ‘fiduciary’ is bipartisan and fierce.

• British Budget Cuts Top Tax Rate, Deductions for Pensioners

  By Marlene Y. Satter, AdvisorOne  |  March 22, 2012

  Chancellor of the Exchequer George Osborne on Thursday prompted a chorus of jeers over the budget he unveiled, which cut the top tax rate on Britain’s wealthiest even as it eliminated tax deductions for pensioners.

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  Lawmakers Grill DOL’s Solis on Fiduciary Duty Redraft

  By Melanie Waddell, AdvisorOne  |  March 21, 2012

  At a House hearing, lawmakers took Labor Secretary Hilda Solis to task Wednesday over how the DOL’s recrafting of its fiduciary rule is progressing—specifically on the timing of the re-proposed rule and the rule’s inclusion of IRAs.

• DOL Releases Long-Awaited 401(k) Fee Disclosure Rule

  By Melanie Waddell, AdvisorOne  |  March 1, 2012

  The Department of Labor’s Employee Benefits Security Administration (EBSA) released in early February its long-awaited final rule on 401(k) fee disclosures, rule 408(b)(2), and in doing so extended the compliance date to July 1.