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June 9 Is the Date for Fiduciary Rule Applicability.... for Now
Ferenczy Benefits Law Center LLP
[Guidance Overview] May 31, 2017 "The level-to-level exemption ... resolves the difficulties with which plan fiduciaries have struggled for years to provide participants with access to good distribution and rollover advice, while avoiding engaging in impermissible behavior. And it has the added benefit of holding all advisors to the same standard, whether they work with the plan or not.... [T]he part of the Rule that makes someone who responds to a client's request for the name of a reliable investment advisor a potential fiduciary needs to be removed or modified so that it does not disrupt the good relationship between financial advisors and TPAs." MORE >> |
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