Fiduciary Duty, State and Local Government, Employee Retirement Income Security Act (ERISA)

Hot Topics in US Health & Welfare

Mayer Brown on 7/8/2025

AT A GLANCE - There have been a number of important developments in the United States relating to health and welfare over recent months....more

Florida Court Decision’s Impact on Rollover Advice

Faegre Drinker Biddle & Reath LLP on 3/23/2023

The Department of Labor (the DOL) expanded its interpretation of fiduciary advice in its guidance issued in connection with Prohibited Transaction Exemption (PTE) 2020-02. As a result, many more broker-dealers and registered...more

Less is More: Brevity is the Soul of Wit

Sheppard Mullin Richter & Hampton LLP on 4/15/2022

Last month, a three-judge panel in the Ninth Circuit reversed the Northern District of California’s ruling in Wit v. United Behavioral Health. In Wit, the district court ruled that United Behavioral Health (“UBH”) breached...more

Recent State Fiduciary Duty Developments: Arizona Enacts Best Interest Standard

Faegre Drinker Biddle & Reath LLP on 7/10/2020

Arizona has become the second state after Iowa to enact a best interest standard for the sale of annuities. Like the Iowa law, both of which become effective January 1, 2021, Arizona’s law is modeled after the National...more

2019 Year in Review: Securitization Litigation and Regulation

Cadwalader, Wickersham & Taft LLP on 1/30/2020

There were significant developments in 2019 as courts continued to issue important decisions in this space and significant legislation impacting the residential mortgage-backed securities (“RMBS”) market came into effect. A...more

Connecticut Focuses on Fiduciary Standards for Municipal Plans

Robinson & Cole LLP on 10/23/2018

Connecticut has been focused on the fiduciary standards of financial planners and retirement plan administrators in the wake of the now-defunct Department of Labor "fiduciary rule." With the goals of creating both...more