by admin | May 16, 2017 | Company News, Plan Sponsors, Regulations
Philip Chao is quoted in the Investment News regarding Fidelity’s business model to comply with the new Fiduciary Rule and its prohibitive transaction exemptions. Here is the link to the May 15, 2017 article reported by Greg Lacurci as well as the full PDF...
by admin | Apr 5, 2017 | Plan Sponsors, Regulations
As expected, the DoL has issued the 60-day extension to the application of the Fiduciary Rule just in time before the new rule’s April 10th application date. The attached and this link offer a pre-release copy of the extension (to be published in the Federal Register...
by admin | Feb 8, 2017 | Plan Sponsors, Regulations
On February 8, 2017, Chief Judge Barbara Lynn of the Northern District of Texas granted motion for summary judgment in favor of the Fiduciary Rule and BICE and denied summary judgement to U.S. Chamber of Commerce, the Indexed Annuity Leadership Council and the...
by admin | Feb 7, 2017 | Individuals, Institutions, Opinions, Plan Sponsors, Regulations
As a part of Candidate Trump’s promise to rollback regulations during his campaign on February 3, 2017, President Trump signed an executive memorandum[1] instructing his Secretary of the Department of Labor (DoL) to rescind or revise the Fiduciary Rule[2] after...
by admin | Feb 2, 2017 | Plan Sponsors, Regulations
This update from the DOL sets out ‘a number of Frequently Asked Questions (FAQs) regarding implementation of the conflict of interest (COI) final rule (Rule) on fiduciary investment advice.’ The DOL states that many of these questions ‘relate to the...
