Nevin Adams

The Department of Labor (DOL) has made some changes to the final regulations regarding state-run retirement programs for private sector workers — specifically regarding those established by “state political subdivisions.”In a document slated to be published in the Federal Register on Dec. 20, the... READ MORE

The Department of Labor (DOL) has made some changes to the final regulations regarding state-run retirement programs for private sector workers — specifically regarding those established by “state political subdivisions.”In a document slated to be published in the Federal Register on Dec. 20, the... READ MORE

The National Association for Fixed Annuities (NAFA) has gotten a response to its request for an injunction pending appeal.In a short — some might say terse — response, the U.S. Court of Appeals for the D.C. Circuit noted that NAFA “has not satisfied the stringent requirements for an injunction... READ MORE

Knocked down twice by the D.C. District Court, the National Association for Fixed Annuities has filed an emergency motion asking the U.S. Court of Appeals for the D.C. Circuit to halt the rule while NAFA’s appeal proceeds.Noting that “Nearly six critical months have passed since NAFA first sought a... READ MORE

Though acknowledging that the fiduciary rule is likely to cause “significant changes” in how the industry operates, along with “substantial compliance costs,” and “economic losses,” the federal judge who recently rejected a legal challenge to the Labor Department’s fiduciary rule won’t hold up... READ MORE

The Department of Labor’s (DOL) Fiduciary Rule got another day in court — and with at least a sense that it might not fare as well this time around.An edited assessment of the event by Erin Sweeney, an attorney at Miller & Chevalier who attended the Nov. 17 hearing in Dallas, characterized... READ MORE

What most people — and nearly every pundit — thought could never happen — has.Though candidate Trump never specifically addressed the fiduciary regulation, he has consistently spoken of his intention to reduce the reach of government regulations, and it seems reasonable to think that he’d see the... READ MORE

The 24-page document covers a lot of ground in the form of 34 questions, and while much of it seems to confirm what had been understood (or assumed), the first wave of FAQs certainly provides some comfort – and in some cases clarifies key issues.  Those who had hoped for some extension in the... READ MORE

New York City Comptroller Scott M. Stringer has unveiled a new city-run retirement plan for private sector workers — including a city-sponsored multiple employer plan (MEP). The underlying rationale for the program? Nearly 60% of private sector workers in New York City lack access to retirement... READ MORE