Browsing: Retirement issues

Newsbytes ABA urges Labor Department to reconsider QPAM proposal

The American Bankers Association this week reiterated concerns about proposed amendments to Prohibited Transaction Exemption 84-14, known as the Qualified Professional Asset Manager exemption, in a letter to the U.S. Department of Labor.

Compliance and Risk DOL finalizes ESG investing rule

The Department of Labor finalized a new rule regarding environmental, social and governance investing and a fiduciary’s proxy voting activity under the Employee Retirement Income Security Act.

Newsbytes ABA: Labor Department failed to seek advance input for QPAM proposal

The U.S. Department of Labor failed to seek advance input from affected parties—as required by official rulemaking procedures—before issuing proposed amendments to the Qualified Professional Asset Manager exemption, the American Bankers Association said Thursday during a public hearing on the proposal.

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