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.
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?
DOL Will Not Enforce ESG and Proxy Rules, Pending Agency Review March 10, 2021 In a welcome development, the Department of Labor has announced that it intends to revisit...
Following Weeks of Speculation, DOL Confirms February 16 Effective Date for Fiduciary Exemption February 16, 2021 The Department of Labor (DOL) has issued a press release in which it...
Biden Administration Acts Aggressively on Day 1 Regarding Regulatory Process DOL ESG Rule to be Reviewed, Fiduciary Exemption May be Delayed January 26, 2021 President Joe Biden was sworn...
You are now leaving Investment Adviser Association
The IAA provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by the IAA, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
