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Scariest Risks of 2013
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...
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North American Insurance Buyers Facing Improved Market Conditions
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...
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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...
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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....
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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...
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A House of Commons Select Committee spells trouble for company directors, and...
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...
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A new U.K. Corporate Governance Code will require directors to look beyond...
The long-awaited consultation by the Financial Reporting Council (FRC) on revisions to the U.K. Corporate Governance Code was published in December 2017. The Code has been revised many times since it...
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Do design professionals have a fiduciary relationship with their clients?
The question of whether a design professional is a fiduciary to their clients has been tested over the years. A recent movement has raised this question again that, if successful, would have broad...
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