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Proposed Exemption for Asset Managers related to UBS AG

The Department of Labor's Employee Benefits Security Administration (EBSA) is proposing an exemption for asset managers related to UBS AG. This exemption would allow certain transactions that might otherwise be prohibited under the Employee Retirement Income Security Act (ERISA). The public comment period for this proposed exemption closes on April 6.

Pharmacy Benefit Manager Fee Disclosure Rule Comment Period Extended

The Department of Labor has extended the comment period for its proposed rule on Pharmacy Benefit Manager (PBM) fee disclosure. The extension allows interested parties to comment on potential adjustments to the rule in light of recent amendments to ERISA by the Consolidated Appropriations Act, 2026. The new comment deadline is April 15, 2026.