The Department of Labor’s Conflict of Interest Proposal creates a new fiduciary standard of care applicable only when advisors take advantage of certain prohibited transaction exemptions. If made effective, the “Best Interest Contract” standard will become the fourth standard of care with which advisors must comply, alongside suitability, common law fiduciary rules, and ERISA fiduciary rules. Read full article…
The Progress and Future of PEP Construction and Regulation
The pandemic has delayed construction of pooled employer plans (PEPs) by at least a few months,...