Compass
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Loan & Distribution Specialist AimPoint Pension
|
AimPoint Pension
|
Bates & Company, Inc.
|
Regional Vice President of Sales The Retirement Plan Company
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
The Proposed Advice Legislation Raises Practical Application Questions
planadviser Apr. 26, 2009 Excerpt: Last week, Congressman Rob Andrews (D-New Jersey) introduced the Conflicted Investment Advice Prohibition Act of 2009 (see 'Andrews Introduces Advice Legislation'). The introduction of this legislation again raises questions over the fate of the final investment advice regulations published earlier this year in accordance with the Pension Protection Act (PPA) that essentially codified a means by which advisers that provided participant advice for a fee could receive compensation that could vary based on the investments recommended without violating ERISA's prohibited transaction restrictions. That codification did, however, provide that the so-called 'fiduciary adviser' adhere to specific procedures and disclosures. |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |