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DOL Provides Conflict of Interest FAQs Around Fiduciary Rule

DOL Provides Conflict of Interest FAQs Around Fiduciary Rule WHAT HAPPENED? On August 3, 2017, the DOL released a conflict of interest FAQs to provide additional clarification around the Fiduciary Rule. In the FAQ, the DOL provides guidance regarding: Fiduciary status disclosures that must be provided by ERISA pension plan service providers [...]

By | 2017-08-19T06:35:38+00:00 August 18th, 2017|Fairview Flash Reports, United States Department Of Labor|

DOL Releases FAQ on Conflicts of Interest During the Transition Period

DOL Releases FAQ on Conflicts of Interest During the Transition Period WHAT HAPPENED? The Department of Labor has released an FAQ focused on the transition period after the June 9th implementation of the Fiduciary Rule and related prohibited transaction exemptions. The FAQ also provides guidance on specific provisions in the [...]

By | 2017-08-01T15:08:23+00:00 May 30th, 2017|Fairview Flash Reports, United States Department Of Labor|

Labor Secretary Acosta Declines to Delay the Fiduciary Rule

Labor Secretary Acosta Declines to Delay the Fiduciary Rule WHAT HAPPENED? Yesterday, Labor Secretary Acosta confirmed that the Department of Labor (“DOL”) was unable to find “a principled legal basis to change the June 9 implementation date” for the Fiduciary Rule. NEXT STEPS Advisers should prepare for partial implementation [...]

By | 2017-08-01T15:09:01+00:00 May 23rd, 2017|Fairview Flash Reports, United States Department Of Labor|

Applicability of the Fiduciary Rule Extended

Applicability of the Fiduciary Rule Extended WHAT HAPPENED? On April 5, 2017, the Department of Labor issued a 60-day delay of the Fiduciary Rule’s applicability date to June 9, 2017. This extension applies to related exemptions as well, including the Best Interest Contract Exemption. The Department of Labor will use this time [...]

By | 2017-08-01T15:10:22+00:00 April 6th, 2017|Fairview Flash Reports, United States Department Of Labor|