There is much to be considered under the new set fiduciary rules recently proposed by the DOL, especially as we sort through the (very extensive) details of this new regulatory regime. We are already hearing much about the impact and change which would be introduced into the market over the expansive reach of this new
The ERISA marketplace is complex, with a plethora of different sorts of arrangements which will be affected in a variety of different ways by the new Fiduciary Prohibited Transaction Exemption. In general, however, I would be little surprised if it ending up being that not many parties will have the need to take advantage of this new exemption.
Continue Reading The DOL’s Fiduciary Rule Prohibited Transaction Exemption May Only Be Needed In Limited Plan Circumstances