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DOL Proposes Updated Definition of Investment Advice Fiduciary

The Department of Labor (DOL) has issued a proposal to update the definition of an investment advice fiduciary under the Employee Retirement Income Security Act (ERISA). The updated definition of an investment advice fiduciary would apply when a financial service provider gives investment advice for a fee to retirement plan participants, IRA owners and others.

November 01, 2023

Keywords: DOL, ERISA, Fiduciary, IRAs, Retirement Plans

Categories & Topics: Compliance, ERISA & Pension Plans

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