Tag Archives: fiduciary

A House of Commons Select Committee Spells Trouble for Company Directors, and Joy for the Plaintiffs’ Bar

A little while ago, I blogged about the Financial Reporting Council’s (“FRC”) proposal that it be given the power to impose sanctions on all listed company directors who preside over serious accounting irregularities. Now it seems these proposals not only … Continue reading →

DOL’s new rule is now in effect — wave of fiduciary litigation may follow

No more delays. The Department of Labor’s (DOL) new fiduciary rule goes into effect today. While the DOL is willing to provide temporary enforcement relief to fiduciaries diligently working on compliance, the door is now open for civil litigation. What … Continue reading →

How would Alex Acosta as Secretary of Labor affect the DOL Fiduciary Rule?

On Wednesday, March 22, the U.S. Senate’s Health, Education, Labor and Pensions Committee convened the confirmation hearing for Alexander Acosta, President Trump’s nominee for Secretary of Labor. During the hearing, Elizabeth Warren, a supporter of the Department’s Fiduciary Rule, questioned … Continue reading →

First Look: Inflated Risk From The New DOL Fiduciary Standard Conundrums

The key question facing today’s financial services firms is how to assess and mitigate risks from the Department of Labor’s (DOL) expanded definition of “investment advice fiduciary” under the Employee Retirement Income Security Act of 1974 (ERISA). The common theme … Continue reading →

North American Insurance Buyers Facing Improved Market Conditions

Marketplace Realities: 2014

Property insurance rates are coming down, and the upward rate pressure on many other lines of business is easing. This is the word from Willis North America’s Marketplace Realities, the longstanding semiannual publication predicting price movement and key trends for … Continue reading →

Scariest Risks of 2013

Scariest Risks

Halloween season always puts us in a dark frame of mind here at WillisWire, reflecting not on ghosts and goblins but on all the scary risks we help our clients prepare for.  This year, 18 of our bloggers submitted the … Continue reading →