ABA: Make permanent physical presence exemption for spousal consents
The American Bankers Association this week filed a comment letter recommending the adoption of an IRS proposal to make permanent ...
Tag: Retirement issues
District court vacates Labor Department position on rollover advice
A U.S. district court this week vacated the Labor Department’s interpretation of the Employee Retirement Income Security Act and its ...
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 ...
IRS proposes making remote witness procedures permanent
The IRS has issued a proposed rule to make permanent temporary relief from the physical presence requirement for participant elections ...
ABA, associations request IRS to make remote notarization permanent
The American Bankers Association along with 17 associations and businesses today sent a joint letter to the IRS requesting that ...
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 ...
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 ...
IRS provides relief from RMDs in 2021, 2022 for inherited IRAs
Last week, the IRS announced that its soon-to-be final regulations on required minimum distributions will apply starting next year.
Survey: Retirement plan participants dissatisfied with digital experiences
Most retirement plan participants say their financial health in deteriorating, and when they turn to their plan’s apps and websites ...
ABA supports bill to enhance retirement savings
ABA sent a letter to Senate Finance Committee leaders in support of the Enhancing Retirement Now Act, which would significantly ...
