Tag: United States Department of Labor

Regulation December 16, 2020

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 December 14, 2020

DOL Eases Overly Prescriptive Stance in Final Proxy Voting Rule

It’s unclear how the rule will be interpreted and enforced after the federal administration changes hands, experts say.

Regulation November 25, 2020

DOL Sends Fiduciary Rule Update to OMB

Experts believe the White House will conduct a quick review of the ‘middle-of-the-way’ proposal.

Regulation November 2, 2020

DOL, Dubious About ESG Pension Investing, Cuts It a Bit of Slack in Final Rule

The regulation still requires that plans only use financial considerations in investments, but says companies’ pollution and bad governance may be factors, too.

Newsmakers June 30, 2020

DOL Proposes Exemption, New Compensation for Fiduciaries

Investment professionals acting in their clients’ best interest can receive compensation for advice such as rollover recommendations, the agency said. 

Regulation June 25, 2020

DOL Proposal Will Chill ESG Corporate Pension Investing, Advocates Say

The proposed federal rule takes a dim view of sustainable investing that’s not focused solely on returns.