The ABCs of the DOL fiduciary rule
April 12, 2016 by Janet Levaux
The Department of Labor released its final rule to amend the definition of fiduciary under the Employee Retirement Income Security Act (ERISA).
The DOL first shared copies of the new rule with the Federal Register.
According to Labor Secretary Tom Perez, some 300,000 comments came in on the proposed rule, and many adjustments were made to the final rule that reflect this input.
As advisors and broker-dealers pore over the rule, they will closely review the many definitions included in it.
Originally Posted at LifeHealthPro on April 12, 2016 by Janet Levaux.
Categories: Industry Articles
