Laxaro

View the latest news and breaking news today

no more delays for fiduciary rule means it's time to ensure compliance

no more delays for fiduciary rule means it's time to ensure compliance Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



no more delays for fiduciary rule means it's time to ensure compliance

in the wake of labor secretary alexander acosta's announcement this week that the department of labor won't further delay the obama administration's controversial fiduciary rule, retirement plan sponsors should ensure that any investment advice they help plan participants receive isn't conflicted due to advisor fees.last month, the dol put a 60-day hold on implementing the rule, delaying the date by which retirement advisors must act as fiduciaries from april 10 to june 9, 2017. the dol also delayed parts of the regulation related to the best interest contract (bic) exemption, which allows so-called conflicted compensation to be paid under certain conditions, until jan. 1, 2018...