Labour market · 20/04/2015

DOL Proposes Amendment to and Partial Revocation of PTE 84-24 for Certain Insurance and Investment Transactions

The Department of Labor has proposed amendments to Prohibited Transaction Exemption (PTE) 84-24, which would increase safeguards for fiduciaries in insurance and investment transactions involving employee benefit plans, IRAs, and pension consultants, and also proposes revoking the exemption for IRA purchases of mutual fund shares and certain annuity contracts.

Source: Federal Register — Department of LaborOpen original release →

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