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    • Industry groups ask DOL for extended comment period on fiduciary proposal

    November 14, 2023 by Brian Croce

    A coalition of financial services and business trade groups on Nov. 8 sent a letter to the Department of Labor seeking additional time to respond to the agency’s new rule proposal that would amend the definition of the term “fiduciary” and require rollover advice to be in the best interest of the saver.

    The department on Oct. 31 unveiled the Retirement Security Rule proposal and several prohibited transaction amendments that quickly received stiff pushback from industry groups.

    Click HERE to read the full story via Pensions & Investments

    Originally Posted at Pensions & Investments on November 8, 2023 by Brian Croce.

    Categories: Industry Articles
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