DOL Releases Fiduciary Plan

From: Think Advisor

Revised measure out for 75-day comment period; includes ‘best interest contract’ exemption

By Melanie Waddell, Washington Bureau Chief/Investment Advisor Magazine

The Department of Labor issued for public comment Tuesday the long-anticipated controversial redraft of its rule to amend the definition of fiduciary under the Employee Retirement Income Security Act.


Only after reviewing all the comments will the administration decide what to include in a final rule, DOL said, and even once the DOL ultimately issues a final rule, it will not go into effect immediately.

Read Complete Article

Leave a Reply

Name not required for anonymous comments. Email is optional and will not be published.

Please Answer: *