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On April 23, 2024, the U.S. Department of Labor (“DOL” or “Department”) issued a final regulatory package amending its fiduciary investment advice regulation and revising numerous...
The American Council of Life Insurers expressed support for DOL regulation, instead of an interpretive bulletin, to address concerns about selecting an annuity provider in a PRT deal.
The U.S. Department of Labor has released its package of proposed changes to the regulation defining fiduciary advice and to the exemptions for conflicts and compensation for investment...
On November 3, 2023, the Department of Labor (DOL) published in the Federal Register its long-awaited proposed update to its “fiduciary rule” that defines when a person becomes a...
On October 31, 2023, the United States Department of Labor's Employee Benefits Security Administration (the Department) released its most recent proposed amendment to the guidance.