Changes to DOL’s Fiduciary Rule and Rollover Exemption
The DOL has finalized changes to its Investment Advice Definition and related prohibited transaction exemption (PTE 2020-02).
April 24, 2024
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DOL’s Proposed Changes to Fiduciary Rule and Rollover Exemption – What You Need to Know
The IAA has recommended changes to the DOL’s proposed new Investment Advice Definition and related exemption PTE 2020-02.
January 02, 2024
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
The ERISA Fiduciary Advice Exemption
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June 23, 2022
Fiduciary Duty and Investments in DC Plans | Three Tips for Plan Sponsors
Plan fiduciaries are charged with acting in the best interests of plan participants. What does that mean in practice, especially when it comes to selecting investments for defined contribution plans?
November 22, 2021
DOL Will Not Enforce ESG and Proxy Rules, Pending Agency Review
In a welcome development, the Department of Labor has announced that it intends to revisit the recently adopted ESG rule, “Financial Factors in Selecting Plan Investments,” and proxy rule, “Fiduciary...
March 10, 2021
Following Weeks of Speculation, DOL Confirms February 16 Effective Date for Fiduciary Exemption
The Department of Labor (DOL) has issued a press release in which it confirmed that the fiduciary exemption, titled “Improving Investment Advice for Workers and Retirees,” will go effective as...
February 16, 2021
Biden Administration Acts Aggressively on Day 1 Regarding Regulatory Process
President Joe Biden was sworn into office on January 20, 2021, and right out of the gate issued several executive orders and presidential actions that in many cases overturned actions...
January 26, 2021