Regulation
DOL Amicus Brief Sides With Lockheed in PRT Complaint
The department stated that the plaintiffs lack standing and insisted that litigation negatively effects defined benefit plans.
Tag: United States Department of Labor (DOL)
Pensions
R.B. Pamplin Corp. to Restore $20.6M in Pension Assets, Unwind Illegal Real Estate Investments
The Department of Labor concluded that Pamplin had used assets from its pension plan to acquire the company’s own real estate, exceeding limits under ERISA.
Risk
Nail-Biting Time for Stock Market as Jobs Report Looms
The August employment-growth tally, to be unveiled Friday, has investors on edge.
Regulation
How the Supreme Court’s Chevron Reversal Impacts Institutional Investing
Courts are no longer required to defer to interpretations of law offered by executive agencies that regulate defined benefit and contribution savings.
Regulation
DOL Budget Notes PBGC Insurance Surpluses, Requests More Administrative Funding
The budget proposal also asks for additional funding implementation of SECURE 2.0 provisions.
Regulation
Julie Su Re-Nominated as Head of DOL
Nominees who have not yet been confirmed must be resubmitted at the beginning of any calendar year.
Regulation
Updated Form 5500 and Instructions Released
Defined benefit plans will see important changes to Schedule R and Schedule MEP.
Regulation
DOL Inspector General Says EBSA Lacks Resources to Audit Pensions
Cybersecurity threats and limited audits were key concerns highlighted in a report by the inspector general.
Regulation
Speaker Mike Johnson Unlikely to Deviate From Republican Regulatory Agenda
The Louisiana congressman has had almost no contact with the financial industry in terms of legislative activity.
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.
Regulation
Prudential Closes $1 Billion PRT Deal With PSEG
The utility company is looking for greater financial predictability and approved the partial annuitization of their pension plan.
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.
Regulation
DOL Offers First Legal Defense of Its New ESG Rule
The Department of Labor challenged the plaintiffs’ standing and defended the legality of the new ESG rule, but also saw its motion for a venue change dismissed.
Regulation
DOL Reopens Comment Period for New QPAM Proposal
A third comment period will remain open until April 6.