Bloomberg Law
Sept. 1, 2020, 2:35 PM

Retirement Industry Hustles to Keep Up With DOL’s Rules Tsunami

Jaclyn Diaz
Jaclyn Diaz

Big-ticket proposed rules and guidance from the U.S. Labor Department’s benefits agency this summer are bumping up against a tight schedule to get finalized and are making heads spin inside the retirement and benefits industry.

The Employee Benefits Security Administration rolled out proposals this summer impacting all players in the retirement space. That includes regulations on fiduciary responsibilities, pooled employer retirement plans, benefits plans with environmental, social, and corporate governance (ESG) focused funds, lifetime retirement income disclosures, and electronic disclosure requirements—a lot of action for a small agency.

The agency on Monday released another proposed rule limiting fiduciaries’ abilities to ...

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