In “
DOL Delays Fiduciary Redefinition Proposal Again”, PlanSponsor.com explains that the U.S. Department of Labor has once again delayed the re-proposal of the definition of fiduciary / conflict of interest rule guidance. PlanSponsor.com explains that “The Department of Labor (DOL) is now saying its re-proposal of what it calls “Conflict of Interest Rule-Investment Advice” will be issued in January 2015. The new date was announced in its Semiannual Regulatory Agenda – Spring 2014. The Employee Benefits Security Administration (EBSA) first proposed the rule in October 2010, but decided in 2011 to re-propose the rule, in part due to response from the public…”
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