Download PDF
Regulation
Biden issues Executive Order on competition
Topics: 1099, advocacy, EO, Non-compete, policy, PRO Act, Regulation, Standards of conduct
Download the PDF
This memorandum was prepared by Greg Serio of Park Strategies, LLC, Association Management for FinsecaNY. May 4, 2021 As expected, the issues of race and insurance and of COVID-19 were two prominent themes throughout the NAIC Spring Meeting, and conversations frequently returned to racial disparities, discriminatory practices, and industry responses to the pandemic. The activities…
This memorandum was prepared by Greg Serio, Candace Thorson, and Tom Buchan of Park Strategies, LLC, Association Management for FinsecaNY. May 4, 2021 The National Council of Insurance Legislators (NCOIL) ran a hybrid in-person/virtual meeting immediately after the NAIC meeting this month. NCOIL has been conducting its meetings this way for the past number of…
NY 187 regulation ruled unconstitutional by NY appellate court
Topics: advocacy, Compliance, NY 187, Regulation
May 4, 2021 On April 29, 2021, the appeals court in New York, issued an Opinion and Order ruling that the New York State Department of Financial Services First Amendment to 11 NYCRR 224 (Insurance Regulation 187), Suitability and Best Interests in Life Insurance Annuity Transactions, was unconstitutionally vague. This reversed the decision of the…
DOL Fiduciary Rule – What happened and what’s coming
Topics: DOL, ERISA, Regulation, rollovers, Standards of conduct
Find all of Finseca’s resources related to the DOL Fiduciary Rule here
401(k) Fiduciary Litigation: Morals from the Story
Topics: 401(k), Advisor standard of conduct, ERISA, Qualified Plans, Regulation
This WR Marketplace is created exclusively for AALU members by experts at K&L Gates and the AALU staff, led by James E. Earle, Matthew R. Jones, Richard H. Nettles, and Rebecca Liu. The AALU WR Newswire and WR Marketplace are published by AALU as part of the Essential Wisdom Series, the trusted source of actionable...
IRS Blesses Employer’s 401(k) Plan Designed to Provide Retirement Benefits Tied to Student Loan Repayments
Topics: 401(k), IRS, Regulation
In an IRS Private Letter Ruling (“PLR”) issued last year, PLR 201833012, the IRS blessed a 401(k) plan design in which employees who repay student loan debt instead of making 401(k) employee contributions can receive employer retirement contributions to make up for missed 401(k) matching contributions. Incorporating a student loan repayment (“SLR”) feature into a…
New DOL Rules on Disability Claims May Impact Retirement and Deferred Compensation Plans.
Topics: DOL, Qualified Plans, Regulation
New DOL rules became effective on April 1, 2018 regarding claims procedures for disability benefits offered in employee benefit plans. The rules apply not only to long-term and short-term disability plans, but may also apply to 401(k) and other qualified retirement plans, as well as non-qualified deferred compensation plans and SERPs. The new rules provide…