Erin Sweeney Comments on DOL Fiduciary Rule in Employee Benefit News

"General retirement education won't trigger fiduciary standard"
Employee Benefit News
04.07.16Erin Sweeney commented on the U.S. Department of Labor's (DOL's) recently released final rule regarding who is and isn't a fiduciary when it comes to retirement advice. The final rule clarifies that advisers and plan sponsors are able to provide general education about retirement savings without triggering fiduciary duties. "The DOL also expanded the ability of plans with less than 100 participants to obtain investment advice from an advice provider without that advice provider becoming subject to the fiduciary rules," Sweeney said.
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