Regulation
Republicans Call for Acting Secretary Su to Step Down Ahead of New Fiduciary Proposal
The OMB is expected to receive in the coming days a DOL proposal that may face challenges to more than just its substance.
Tag: Department of Labor
Regulation
Republicans, Democrats Continue to Speak Past Each Other on ESG
Future ESG policy is likely to be influenced more by which party is in power than by its actual merits.
Risk
Essential Prevention: Cybersecurity Has Never Been More Important
Allocators, money managers and regulators are realizing cybersecurity processes need continual updating.
Newsmakers
25 States and 3 Fossil Fuel Industry Actors Sue to Block DOL Rule Permitting ESG Investing
The lawsuit seeks an injunction against the rule, set to take effect Monday, which would allow ESG considerations in retirement plan investment decisions.
Newsmakers
Central States Multiemployer Pension Plan Receives $35.8 billion in PBGC Assistance
The Pension Benefit Guaranty Corporation has approved the Special Financial Assistance application from the Central States, Southeast & Southwest Areas Pension Plan. The Central States Plan is a multiemployer...
Pensions
PBGC Provides Financial Assistance to Struggling Metal Workers Pension
The Sheet Metal Workers Local Pension Plan from Massillon, Ohio, will receive nearly $29 million in assistance after over a year of partial payouts to beneficiaries.
Pensions
PBGC Provides Financial Assistance to Struggling Metal Workers Pension
The Sheet Metal Workers Local Pension Plan from Massillon, Ohio, will receive nearly $29 million in assistance after over a year of partial payouts to beneficiaries.
Newsmakers
Bill Seeks to Protect Retirement Savings From ‘Woke CEOs’
The proposed Securing Employee Retirement Returns Act aims to codify Trump-era anti-ESG rules.
Regulation
Regulators Unhappy With Bitcoin in Retirement Plans
This comes after Fidelity Retirement announced it would offer bitcoin as an investment for its 401(k) plans.
Regulation
DOL Warns Retirement Plans to Be Cautious About PE Investments
The Department of Labor is concerned fiduciaries will misinterpret its earlier June 2020 letter.
Newsmakers
DOL Restores More Than $2.4 Billion to Plans, Plan Participants
Investigations led to over 16,000 defined benefit plan participants collecting more than $1.5 billion in owed benefits in fiscal 2021.
Risk
How Can Pensions Best Protect Against Cybersecurity Threats?
Some funds make costly mistakes when it comes to internet security.
Regulation
Bill Seeks to Provide Plan Sponsors with Legal Cover for ESG Investing
Legislators say employers are hesitant to provide ESG options in 401(k)s over fears of being sued.
Regulation
GOP Senators Demand Reversal of DOL’s ESG Decision
Republicans say retirement plans will be harmed if fiduciaries promote justice, diversity, and lower carbon emissions.
Regulation
DOL Will Not Enforce Final Rules on ESG, Proxy Voting
The federal agency will revisit the disputed regulations, enacted in the final days of the Trump administration.