Insurance News
Regulatory updates in plain English
Stay current with the latest from CMS, state departments of insurance, NAIC, the Federal Register, and Congress — rewritten so you can actually understand what it means for your practice.
Fiduciary Duties in Selecting Designated Investment Alternatives
A new proposed regulation is being introduced that affects fiduciaries responsible for choosing investment options in retirement plans, specifically those that allow participants to direct their own accounts. This regulation aims to clarify the responsibilities of these fiduciaries to ensure they ma...
Retirement Security Rule: Definition of an Investment Advice Fiduciary: Notice of Court Vacatur
A recent court decision has overturned the 2024 rule that defined who qualifies as a 'fiduciary' under the Employee Retirement Income Security Act (ERISA). This also affects the amendments made to a specific exemption related to prohibited transactions. As a result, the original text of the exemptio...