Not exact matches
On April 8, 2016, the Department of Labor (Department) published a
final regulation (
Fiduciary Rule or Rule) defining who is a «fiduciary» of an employee benefit plan under section 3 (21)(A)(ii) of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) as a result of giving investment advice to a plan or its participants or benef
Fiduciary Rule or Rule) defining who is a «
fiduciary» of an employee benefit plan under section 3 (21)(A)(ii) of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) as a result of giving investment advice to a plan or its participants or benef
fiduciary» of an employee benefit plan under section 3 (21)(A)(ii) of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) as a result of giving investment
advice to a plan or its participants or beneficiaries.
Titles: (1) Prohibited Transaction Exemption for Principal Transactions in Certain Assets between Investment
Advice Fiduciaries and Employee Benefit Plans and IRAs and (2)
Final Investment
Advice Regulation.
It has been close to a year since the Department finalized the
Fiduciary Rule and PTEs, and now with the additional extension of the applicability date contained in this
final rule, there is little basis for concluding that advisers need still more time before they will be ready to give
advice that is in the best interest of retirement investors and free from material misrepresentations in exchange for reasonable compensation.
The US Labor Department has released its
final fiduciary rules for retirement
advice.
The Department of Labor's long - awaited
final fiduciary rule «ensures that putting clients first is no longer a marketing slogan, it's the law,» Labor Secretary Thomas Perez told reporters on a Tuesday afternoon call to announce completion of DOL's rule to amend the definition of
fiduciary on retirement
advice.