Legal

• Bill aims to level pension playing field for nonprofits

  By Paula Aven Gladych  |  May 24, 2013

  Legislation would provide relief to nonprofit organizations like Girl Scouts of the USA, which now have higher pension funding rules than taxable, for-profit companies.

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  Retirement plan advice needs more scrutiny

  By Rich White  |  May 23, 2013

  The GAO found that “the current rollover process favors distributions to IRAs” whether or not this is in participant’s interest.

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  Is it time to dump “fiduciary”?

  By Chris Carosa  |  May 23, 2013

  When the Director of Investor Protection for the Consumer Federation of America says investors don’t respond to “fiduciary,” what’s the alternative?

• LIMRA supports lifetime income illustrations for DC plan statements

  By Paula Aven Gladych  |  May 22, 2013

  LIMRA is a big fan of the Employee Benefit Research Institute's proposal to include a lifetime income illustration as part of a defined contribution plan participant's account statement.

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  Plan sponsors focus on fee disclosure rules

  By Michael S. Fischer  |  May 22, 2013

  Sponsors also face growing liability, with the number of claims against fiduciaries having tripled since the 1990s.

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  CFPB focuses on senior designations

  By Rich White  |  May 16, 2013

  The Consumer Financial Protection Bureau recently took aim at the one area in the investment/insurance world where Dodd-Frank law granted it jurisdiction – issues affecting older Americans.

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  “Star Trek” premiere and the problem with “fiduciary”

  By Chris Carosa  |  May 16, 2013

  If being a fiduciary is all about building trust, what happens when no one trusts the word fiduciary?

• PBGC to cover pension benefits of defunct N.J. hospital

  By Paula Aven Gladych  |  May 10, 2013

  In a reversal of a prior decision, the PBGC has agreed to pay pension benefits to 800 former hospital employees in New Jersey.

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  For fiduciary advocates only

  By Chris Carosa  |  May 9, 2013

  The newly established Frankel Fiduciary Prize draws a line in the sand.

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  Orphaned 401(k) accounts stacking up

  By Paula Aven Gladych  |  May 9, 2013

  Millions of orphaned 401(k) accounts abound, so the challenge is to get people to do something with them.