ERISA Moments Ep. 13: Rollover Recommendations Will be Fiduciary Advice…And What About Withdrawals?
Take a quick dive into the exciting world of ERISA with Faegre Drinker benefits and executive compensation attorneys Fred Reish and Brad Campbell. In this quick-hit series of updates, Fred and Brad offer a high-level view of current trends and recent ERISA developments. See the newest episode, Rollover Recommendations Will be Fiduciary Advice…And What About […]
The New Fiduciary Rule (13): Advisors and Agents with Restricted Investment Menus (Part 2)
The U.S. Department of Labor has released its package of proposed changes to the regulation defining fiduciary advice and to the exemptions for conflicts and compensation for investment recommendations to retirement plans, participants (including rollovers), and IRAs. Key Takeaways The Department of Labor’s proposed fiduciary “package” expands the scope of fiduciary status (to include, e.g., […]