12/20/2001: PWBA Statement on Issuance of Advisory Opinion Illustrating Permitted Asset Allocation Advice (U.S. Department of Labor, Pension and Welfare Benefits Administration)Excerpt: "The Advisory Opinion explains how financial service providers can provide independent investment advice without running afoul of the ERISA prohibited transaction rules.... While this opinion is an important precedent and will facilitate the provision of investment advice, the Department looks forward to the Senate passing the Retirement Security Advice Act ..."
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