The Department of Labor's Employee Benefits Security Administration will re-propose its fiduciary rules in October, according to the DOL's Semiannual Agenda of Regulations.
The fiduciary rule, which was initially proposed in 2010, would more broadly define as employee benefit plan fiduciaries people who render investment advice to plans for a fee within the meaning of section 3(21) of the Employee Retirement Income Security Act.
The amendment would take into account current practices of investment advisors and the expectations of plan officials and participants who receive investment advice.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
