Regulation & law · 04/12/2006Updated: 10/17/2026 · 1 min read

Prohibited Transaction Exemption for Provision of Investment Advice to Participants in Individual Account Plans

The Pension Protection Act of 2006 has added a prohibited transaction exemption for providing investment advice to participants in individual account plans, allowing certain transactions if the advice is given under an 'eligible investment advice arrangement.' The Department of Labor is seeking public input on the requirements for certifying a computer model used in these arrangements and disclosing fees to plan participants.