The New Fiduciary Rule (49): Recommendations to Transfer IRAs (NAIC)
Key Takeaways Two Texas Federal District Courts have “stayed” the effective dates of the DOL’s new fiduciary regulation and related exemptions, meaning that the private sector will not have to comply with those rules until the cases are resolved and if the guidance is vacated, those rules will never be effective. As a result, one-time […]
The New Fiduciary Rule (48): Recommendations to Transfer IRAs (DOL)
Key Takeaways Two Texas Federal District Courts have “stayed” the effective dates of the DOL’s new fiduciary regulation and related exemptions, meaning that the private sector will not have to comply with those rules until the cases are resolved and if the guidance is vacated, those rules will never be effective. As a result, one-time […]
The New Fiduciary Rule (47): Recommendations to Transfer IRAs (SEC)
Key Takeaways Two Texas Federal District Courts have “stayed” the effective dates of the DOL’s new fiduciary regulation and related exemptions, meaning that the private sector will not have to comply with those rules until the cases are resolved. As a result, one-time recommendations to plans, participants and IRAs will not be fiduciary advice for […]
The New Fiduciary Rule (46): The Regulation and Exemptions are Stayed—What Remains? (6)
Key Takeaways Two Texas Federal District Courts have “stayed” the effective dates of the DOL’s new fiduciary regulation and related exemptions, meaning that the private sector will not have to comply with those rules until the cases are resolved. The next step will be for those courts to determine if the regulation and exemptions are […]
The New Fiduciary Rule (45): The Regulation and Exemptions are Stayed (5)—What Remains?
Key Takeaways Two Texas Federal District Courts have “stayed” the effective dates of the DOL’s new fiduciary regulation and related exemptions, meaning that the private sector will not have to comply with those rules until the cases are resolved. The next step will be for those courts to determine if the regulation and exemptions are […]
The New Fiduciary Rule (39): Qualified Annuity Exchanges
Key Takeaways The DOL’s fiduciary regulation will be effective on September 23 of this year. As a result, beginning on September 23 one-time recommendations to retirement investors can be fiduciary advice and, where the advice is conflicted, the protection afforded by a prohibited transaction exemption will be needed. While some of the requirements (called “conditions”) […]