by admin | Feb 9, 2019 | Institutions, Opinions, Plan Sponsors
Individual Glide Path Solution (iGPS) can give new life to asset managers and recordkeepers as the optimum QDIA solution between a target date fund and a managed account. Please download our comments here.
by admin | Feb 3, 2019 | Institutions, Regulations
This class action lawsuit shines a light onto the revenue sharing (or possible self-dealing and prohibited transactions) relationship between a recordkeeper and a managed account provider. Although it is premature to suggest who will prevail in this suit, it is fair...
by admin | Jan 30, 2019 | Institutions, Regulations
On June 30, 2016, a class action complaint was filed by Steve Wadman, et al (Plaintiffs), against American Century (Defendants). On January 23, 2019, Chief Judge Greg Kays, issued a finding of facts and conclusion of law and dismissed all counts in favor of...
by admin | May 7, 2018 | Institutions, Regulations
In response to the 5th Circuit Appeal’s Court decision, Mabel Capolongo, Director of Enforcement Regional Directors at the DOL today issued “FIELD ASSISTANCE BULLETIN NO. 2018-02” which states: For the period from June 9, 2017, until after regulations or exemptions or...
by admin | Mar 15, 2018 | Plan Sponsors, Regulations
The U.S. Chamber of Commerce (“COC”), the Indexed Annuity Leadership Council (“IALC”) and the American Council of Life Insurers (“ACLI”) (“Plaintiffs”) brought a lawsuit to challenge three rules published by the Department of Labor (“DOL”) on April 8, 2016. On...
