◀ The Principal Blog

DOL Fiduciary Proposal Subjects Rollover Advice to ERISA Fiduciary Standard of Care

In our previous blog post, we commented that the Department of Labor’s (DOL) fiduciary rule proposal can be viewed as the “ERISA-fication” of Individual Retirement Accounts (IRAs). For example, the DOL’s proposal includes a new proposed exemption called the Best Interest Contract Exemption…

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DOL Fiduciary Proposal Turns Financial Professionals into ERISA Fiduciaries in Selling Investment Products

The retirement services industry is abuzz about the Department of Labor’s (DOL) proposal to amend its rules on when a person becomes an ERISA “fiduciary” by providing investment advice. Proponents of the DOL’s proposal claim that it simply requires financial professionals to act in the best…

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