DOL reproposes ERISA fiduciary investment advice regulations
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Description
Abstract: Most everyone in the employee benefits industry agrees: Protecting retirement plans and their participants from investment advisors who may focus more on their own financial interests than those of plan participants is a good idea. However, whether the DOL’s reproposed ERISA fiduciary investment advice regulations, if adopted essentially as proposed, will be able to do that isn’t certain. This article reviews the proposed rule and its possible impact.
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