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A U.S. judge has blocked a Department of Labor rule from taking effect that would have expanded the types of retirement advisers who are considered fiduciaries, finding the rule was arbitrary and ...
In December 2020 the DOL issued its final rule regarding an exemption to the Employee Retirement Income Security Act (ERISA) that would let financial fiduciaries be paid for advice on rollovers by ...
In 2015, the United States Department of Labor issued a proposed rule that if finalized would extend the fiduciary duty relationship to investment advisors and some brokers including insurance brokers. [68] In 2017, the first Trump administration planned to order a 180-delay of implementation of the rule, [69] sometimes known as the 'fiduciary ...
Title I also includes the pension funding and vesting rules described above. The United States Department of Labor's Employee Benefits Security Administration ("EBSA") is responsible for overseeing Title I, promulgating regulations implementing and interpreting the statute as well as conducting enforcement. Plan fiduciaries and plan ...
Labor Management Reporting and Disclosure Act; Long title: An act to provide for the reporting and disclosure of certain financial transactions and administrative practices of labor organizations and employers, to prevent abuses in the administration of trusteeships by labor organizations, to provide standards with respect to the election of officers of labor organizations, and for other purposes.
US judge blocks latest version of labor department's fiduciary rule. A U.S. judge has blocked a Department of Labor rule from taking effect that would have expanded the types of retirement ...
However, in early 2016, Wealth Management reported that Taft had been fighting against attempts to "apply the... fiduciary standard to brokers" [6] by the US Department of Labor (DOL), [2] with Taft arguing that the DOL's version of the standard would not work for the brokerage industry. [6]
Continue reading ->The post A Guide to the Proposed DOL Fiduciary Rule appeared first on SmartAsset Blog. Retirement savers and participants in 401(k) plans may soon face a new Department of Labor ...