DOL Releases New Round of Fiduciary Rule FAQs
August 8, 2017 by John Hilton
The Department of Labor (DOL) released a new round of FAQs Friday designed to help non-fiduciary advisors to plans navigate its complicated and controversial fiduciary rule.
The six-page guidance addresses three questions aimed at resolving issues affecting defined contribution (DC) plans and retirement plan advisors.
The department acknowledges the confusion created by a two-phase implementation period. On June 9, the first phase of the rule went into effect and requires advisors to adhere to Impartial Conduct Standards.
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