Annuities, Rollovers, and Access Dominate Debate Over DOL Fiduciary Proposal
December 27, 2023 by Paul Mulholland
The Department of Labor held hearings with stakeholders on December 12 and 13 to further solicit public comment on its retirement security rule proposal. Also known as the fiduciary rule proposal, the proposed changes would replace the current five-point fiduciary test with one that applies fiduciary status to many one-time transactions, including rollovers to individual retirement accounts, annuity sales and qualified retirement plan investment menu design.
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Originally Posted at PlanSponsor on December 19, 2023 by Paul Mulholland.
Categories: Industry Articles