Tag Archives: DOL

Department of Labor Building

Letter to the Regulators: letter from 26 organizations to the Department of Labor urging reconsideration of guidance allowing retirement plans to invest in Private Equity

26 organizations, led by the Consumer Federation of America urge reconsideration of the DOL policy allowing defined contribution plans to invest in private equity funds. Issues raised to the DOL over its original letter considering allowing such funds into private equity include: It fails to give

Letter to Regulators: Letter to the Department of Labor urging it to withdraw a proposal that would impose new burdens and costs on retirement plans.

AFREF submitted a letter to the Department of Labor urging it to withdraw a rule proposal that would impose onerous costs and process requirements on private sector retirement plans when deciding whether and how to vote on matters brought to a vote at public companies’ annual meetings. It will impose costs on retirement savers and undermine advances on corporations’ integration of environmental, social and governance factors, including those that have a material financial impact on long-term investment performance

Letter to Regulator: Oppose Labor Department Retirement Advice Rulemaking Package

Together, these rules would put the retirement security of millions of American workers and retirees at risk by exposing them to conflicted retirement investment advice without adequate protections to limit the harmful impact of those conflicts of interest. We therefore urge you to withdraw the regulatory package in its entirety and to begin again on a rulemaking proposal that prioritizes protecting retirement savers from the toxic conflicts of interest that pervade the financial services industry.