Broker-dealers covered under new fee disclosure regs
Besides investment managers, benefits-brokers also will feel the pinch of fee disclosure regulations when they go into effect July 1.
By Paula Aven Gladych|May 30, 2012 at 01:24 PM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Besides investment managers, broker-dealers also will feel the pinch of fee disclosure regulations when they go into effect July 1.
According to Fred Reish of DrinkerBiddle, the Department of Labor’s 408(b)(2) regulations do apply to broker-dealers because they refer investment managers to plans and receive solicitor’s fees in exchange for that service. They also have to disclose those fees to clients.
Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.
Your access to unlimited BenefitsPRO.com content isn’t changing. Once you are an ALM digital member, you’ll receive:
Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
There are five different approaches and consulting types when it comes to working with employers on benefits. Identify which type you fall into and learn fresh ideas from the other approaches in this guide.
It’s no secret that health benefits have struggled to keep up with workforce expectations during the Great Resignation. Remaining competitive means employers must streamline their health benefits, put employees first and deliver on brand values. Download this guide to help your clients gain an edge in 2022 with their health benefits.
Amid mass resignations and record-high job openings, employees are now firmly in the driver’s seat when it comes to where and how they work. So, how are you going to stand out in this highly competitive market? This guide outlines a forward-thinking health benefits strategy that will ensure your company remains competitive in 2022 and beyond.