Legislative and Regulatory Corner

Keeping you informed on the latest proposals and regulations, and their impact on your business.

Retirement Legislation & Regulation Quarterly Update

June 2019

This quarter’s update highlights the veritable avalanche of potential changes heading toward the US retirement system. From the Setting Every Community Up for Retirement Enhancement (SECURE) Act to the Retirement Enhancement and Savings Act (RESA) – and on to the next set of retirement policy ideas that have been circulating in Washington, especially the Retirement Security and Savings Act reintroduced by Senators Portman and Cardin in May – there is much that could have a major impact on your business.



April 2019

To keep you informed on the latest rulings and proposals impacting the retirement industry, we are pleased to provide two important updates. Recently the U.S. District Court for the District of Columbia issued a ruling on the DOL’s Association Health Plans (AHP) rule. Additionally, the House Ways and Means Committee voted to move critical retirement legislation forward.

In this brief audio recording, Drew Carrington, our Head of Institutional DC, breaks down the latest developments out of Washington D.C. and how bipartisan and bicameral support may lead to legislative change this year.

Brief Audio Description

Bulletin – Court’s ruling on DOL’s AHP rule 

Bulletin – House Ways and Means Committee vote on “SECURE Act” 

Updating The Outlook For Fundamental Changes To The Us Retirement System

February 2019

An update on the legislative and regulatory landscape affecting US retirement plans and policy, with Drew Carrington, Franklin Templeton’s Head of Institutional Defined Contribution, and Michael Hadley, a partner at the Washington, DC law firm Davis and Harman.


Retirement Legislation & Regulation Quarterly Update

December 2018

To keep you informed on the latest proposals and regulations impacting the retirement industry, we are pleased to introduce our first edition of the Retirement Legislation and Regulation Quarterly Bulletin. Topics highlighted in this quarter’s update include implications of the US elections, prospects for year-end retirement legislation and the outlook for retirement policy in 2019.



October 2018

On October 22nd, the Department of Labor (“DOL”) released proposed regulations that would apply a new interpretation of the definition of “employer” under the Employee Retirement Income Security Act of 1974 (“ERISA”). Our team outlines the details and implications of this proposal.


Retirement Legislative & Regulatory Year-End Outlook

September 2018

This year is proving to be an active year for retirement-related legislation, with a mix of new proposals emerging and some familiar ones reappearing, not to mention the handful of modest changes to retirement plans that were enacted as part of February’s Bipartisan Budget Act. Our team discusses noteworthy legislative proposals that may significantly affect retirement plans—including President Donald Trump’s most recent executive order.

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Defining Fiduciary – DOL & SEC

May 2018

On April 18, 2018, the SEC revealed a package of regulatory proposals for the standard of conduct applicable to investment professionals. We hosted leading legislative experts Thomas Clark, Partner, Wagner Law Group and Michael L. Hadley, Partner, Davis & Harman LLP for an interactive discussion around the latest initiative from Washington.

On-Demand Webinar


Retirement Plan Implications – DOL & RESA

April 2018

Some new developments in Washington and recent court rulings have implications for those saving and investing for retirement. Our team examines the status of the Retirement Enhancement and Savings Act (RESA) and what it might mean for both plan sponsors and participants. They also recap the latest court rulings impacting the Department of Labor’s Fiduciary Rule.

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US Tax Reform

December 2017

Congress successfully passed sweeping changes to US tax policy, which President Trump signed into law in December. We were pleased that our current retirement savings system was left largely intact, but caution that this tax legislation still has some open items. Our team outlines a few areas of interest to investors in the legislation as it stands today.

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