Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
American Benefits Council Supplemental Comment Letter to EBSA on Conflict of Interest Rule (PDF)
American Benefits Council [Opinion] Sept. 25, 2015
8 pages. "The definition of fiduciary advice should clarify that casual conversations not involving any expectation of material reliance are not fiduciary advice.... Under the proposal, any 'suggestions' offered 'for consideration' are sufficient to trigger fiduciary status. This is too low a bar and too broadly defined.... We continue to believe that the current rule in Interpretive Bulletin 96-1 should be preserved. We did not see anything in the Department's Regulatory Impact Analysis documenting that there have been any problems under 96-1. If the Department has concerns about the use of examples, a more targeted rule should be considered."
|
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). |