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Fiduciary Rule

April 11, 2016

On April 6, 2016, the U.S. Department of Labor made available its much-anticipated final regulation on the definition of "fiduciary" under section 3(21)(a)(ii) of the Employee Retirement Income Security Act of 1974, as amended.  The new rule will have a profound impact on the retirement system and how services are provided throughout the industry.  Please see the following documents for more information:

Fiduciary Rule - Executive Summary

Fiduciary Rule - Advice Definition

Fiduciary Rule - Best Interest Contract Exemption

Fiduciary Rule - Prohibited Transaction Exemption 84-24

Fiduciary Rule - Principal Transactions in Certain Assets

Fiduciary Rule - Final Prohibited Transaction Exemptions (New and Amended)

2016 Amendments to Existing Prohibited Transaction Exemptions

Fiduciary Rule - "Hire Me"