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Closing the Book on Continuing the ERISA 'Best Interest' Debate (PDF)
Eversheds Sutherland 
[Guidance Overview] Feb. 16, 2021 14 pages. "The scope of and conditions for the 'best interest' exemptions adopted in the Obama and Trump Administrations are far more similar than they are different. In particular, although they use different forms of words, both exemptions adopt the statutory standards of care and loyalty required of ERISA fiduciaries. Where there are differences, Rule 3.0 is often more protective of retirement investors than was BICE." |
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