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Courts Delay DOL’s New Fiduciary Package & PTEs

Two federal courts in Texas have granted plaintiffs’ requests to delay the effective date of the DOL’s new fiduciary rule, pending further court action. As a result, the DOL’s most recent final regulations to re-define an “investment advice fiduciary” to cover more investment professionals, retirement accounts, and types of investments will not become effective September […]

Court Delays New Fiduciary Rule & PTE 84-24, But Not PTE 2020-02

A federal court in Texas has granted plaintiffs’ request to delay the effective date of the DOL’s new fiduciary rule that would have assigned ERISA fiduciary status to more investment professionals, including insurance agents. The DOL’s new definition of fiduciary will not become effective September 23, 2024 and is stayed until further order of the […]

How and When to Comply with the DOL’s New Fiduciary Rule

Right now, investment professionals are deemed to be an ERISA fiduciary if their actions meet all factors of the 1975 Five-Part Test, which include providing advice to a retirement investor on a regular basis.1 But soon, the Department of Labor’s (DOL) new definition of “fiduciary” for nondiscretionary investment advice on retirement plan, IRA and HSA […]

Retired Baby Boomer Survey Results

A TALE OF TWO REALITIES: MOST RETIRED BABY BOOMERS FEEL FINANCIALLY SECUREAND FULFILLED DESPITE HEAVY RELIANCE ON SOCIAL SECURITY, NEW SURVEY REVEALS Financial Security to Retired Boomers May Be Different than to Other Generations Healthcare Costs, Inflation Cited as Major Challenges to Accumulation and Budgets Financial Stress in Retirement Is Same or Greater than During […]

What is Not Fiduciary Advice Under the DOL’s New Rule?

The Department of Labor’s (DOL) new definition of fiduciary investment advice for retirement investors becomes effective September 23, 2024. Under the new rule, more brokers, advisors, and insurance agents will be held to an ERISA fiduciary standard when providing individualized recommendations to retirement plan participants and IRA investors, including one-time rollover or distribution advice. Not […]

DOL Finalizes New Fiduciary Rule

Financial professionals working with retirement savers will be subject to a new rule that goes into effect on September 23, 2024. The Department of Labor (DOL) has updated the rule under ERISA and the Internal Revenue Code that defines when a person is a fiduciary for providing nondiscretionary advice to a retirement plan sponsor or […]

IRALOGIX Announces CEO Transition

Dave Bernard steps down; board appoints Peter de Silva to lead company into its next growth phase IRALOGIX, a leading retirement industry fintech provider, today announced that Dave Bernard stepped down as chief executive officer effective immediately. The board has appointed Peter de Silva as the new CEO of IRALOGIX. de Silva has been an IRALOGIX investor and […]

IRALOGIX TEAMS UP WITH SHLOMO BENARTZI AND PENSIONPLUS TO OFFER PERSONALIZED RETIREMENT SPENDING SOLUTION

Complementary accumulation and decumulation tools target retirement security for all IRALOGIX, a leading retirement industry fintech provider, today announced a partnership with PensionPlus, an innovative decumulation solution that makes it easy for retirement plan participants to create a highly personalized retirement plan designed to last for their entire lives while keeping their current investments. According […]

Survey Reveals New Era of Financial Independence as Millennials Seek to Redefine Retirement

Retirement Redefined as Gateway to Greater Flexibility, Not Necessarily an Exit from the Workforce Millennials are Moderately Confident They’ll Have Sufficient Retirement Savings Majority Won’t be Swayed by Taylor Swift’s Endorsement of a Presidential Candidate  Pittsburgh, PA, March 11, 2024 – A new survey reveals how millennials are reshaping the retirement landscape, defining it by […]