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ARA Presses DOL for Changes to QPAM Exemption Proposal
American Retirement Association [ARA] Link to more items from this source
[Opinion]
Nov. 29, 2022

"[T]he Exclusive Authority Requirement ... should be modified so that it does not preclude routine business interactions.... [D]uring the one-year winding down period, the exemption should permit new transactions in existing accounts which may be required for a prudent winding down process.... [T]he DOL should provide at least 18 months for affected parties to come into compliance with the conditions of an amended QPAM Exemption[.]"

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