Regulation
EBSA Secretary Defends ESG Rule as Legislative, Litigation Battles Continue
The issue of considering ESG in retirement plans is becoming increasingly polarized.
Tag: DOL
Regulation
PBGC Supplements Aid to Newspaper, Painter, Graphic Communication Pension Plans
The three pension plans had additional SFA packages approved Friday.
Regulation
SECURE 2.0 Caps Variable-Rate Premiums
The variable premiums paid to PBGC would be un-indexed from inflation.
Regulation
EBSA Recovers $1.4 Billion for Plan Participants
The amount is less than half of what it was 2020, when it started to decline.
Regulation
DOL Releases New Form 5500 Instructions
Changes have been made to Form 5500 and Form 5500-SF.
Regulation
Congressional Republicans Take Aim at SEC Climate Disclosure
Three bills have been proposed since late September which seek to limit or prevent the SEC’s ability to require climate change-related disclosure.
Asset Allocation
PBGC Grants SFA Money to Third Teamsters Pension in Two Weeks
New Jersey union pension fund, expected to become insolvent in 2023, will receive $54.1 million in assistance.
Regulation
Mid-Terms Could Lead to More Regulation than Legislation
Republicans winning control of the House could force the Biden Administration to rely even more on regulations.
Regulation
Ohio Teamsters Local Union Receives PBGC Assistance.
The PBGC provided about $85 million to the union pension fund that was bordering on insolvency.
Regulation
Final DOL Rule Permits ESG in ERISA Plans
The DOL published a final rule that makes it easier for sponsors to take ESG factors into account in investments and shareholder activism, reversing a Trump-era rule.
Newsmakers
DOL’s Releases Final ESG Rule for ERISA Plans
Plan sponsors can consider climate and other ESG factors when selecting investments and voting proxies.
Newsmakers
Public Hearing Exposes Discord on QPAM Rule Implementation
A DOL public hearing held Thursday on the new QPAM Rule proposal highlighted concerns about foreign convictions and non-prosecution agreements as grounds for QPAM disqualification.
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.
Regulation
DOL Finalizes Fiduciary Exemption Consistent with Best Interest Standard
Investment professionals can collect payment for a wider range of transactions, so long as they satisfy the reinstated ‘five-part test’ for fiduciaries.
Regulation
DOL Sends Fiduciary Rule Update to OMB
Experts believe the White House will conduct a quick review of the ‘middle-of-the-way’ proposal.