Labour market · 22/10/2010

New Proposed Rule Expands Definition of Fiduciary Under ERISA

The U.S. Department of Labor has proposed a rule to broaden the definition of a fiduciary under the Employee Retirement Income Security Act (ERISA), aiming to protect pension plan and individual retirement account beneficiaries from conflicts of interest and self-dealing by investment advisors.

Source: Federal Register — Department of LaborOpen original release →

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