Changes to forms 1099-R and 5498 that require IRA custodians to disclose hard-to-value assets in IRAs could lead to the Internal Revenue Service increasing its enforcement of required minimum distributions. So reports Financial Planning.
President Barack Obama has threatened to veto legislation recently passed by the U.S. House of Representatives that would repeal the Labor Department’s Fiduciary rule. So reports Wealth Management.
A lawsuit alleging that Edison International improperly favored high-fee funds for its 401(k) plan has been rejected by 9th U.S. Circuit Court of Appeals in San Francisco. The U.S. Supreme Court had previously ruled that the litigation must be reheard. So reports Reuters.