Compass
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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How The DOL Fiduciary Rule Changed Norms
InsuranceNewsNet.com July 5, 2018
"[FAB 2018-02] states that prohibited transaction claims will not be brought against advisors who 'are working diligently and in good faith' to satisfy the impartial conduct standards set forth in the DOL rule exemptions.... Because the FAB is still in place, the impartial conduct standards essentially remain in place ... While not as strict as the fiduciary definition set out in the Investment Advisors Act of 1940, the five-part test is still a tough standard on ERISA fiduciaries.... [T]he application of the 1975 rules will most certainly be broader than in the past[.]"
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