Apr 24, 2015

The Times are Changing: A First Look at the DOL’s New Fiduciary Paradigm

配信申込

ジャンプリンクテキスト

 
On April 14, 2015, the U.S. Department of Labor (the “DOL”) issued its proposed rule clarifying when individuals and institutions providing advice to employee benefit plans and individual retirement accounts (“IRAs”) will be fiduciaries for purposes of the Employee Retirement Income Security Act of 1974 (“ERISA”) and the prohibited transaction provisions of the Internal Revenue Code (the “Code”).  This detailed DOL proposal tackles the relationship between individuals who invest through IRAs, small plans and participant-directed plans and the investment professionals who provide advice and products to this growing segment of the market.  It is being rolled out with considerable support from the White House, which signals that significant portions of the proposal may be adopted substantially as proposed.

View memo, The Times are Changing: A First Look at the DOL’s New Fiduciary Paradigm

著者等

John J. Cannon III

パートナー

報酬・ガバナンス・従業員退職所得保証法(ERISA)

+1 212 848 8159

+1 212 848 8159

ニューヨーク

Doreen E. Lilienfeld

パートナー

報酬・ガバナンス・従業員退職所得保証法(ERISA)

+1 212 848 7171

+1 212 848 7171

+1 650 838 3804

+1 650 838 3804

ニューヨーク

Linda Rappaport

オブ・カウンセル

報酬・ガバナンス・従業員退職所得保証法(ERISA)

+1 212 848 7004

+1 212 848 7004

ニューヨーク