WebMay 20, 2024 · Then in December 2024, the DOL finalized PTE 2024-02, a class exemption and interpretation, entitled Improving Investment Advice for Workers & Retirees. The final PTE outlines the factors that determine when investment professionals are considered fiduciaries—which gives rise to certain duties—and shows how fiduciaries must comply … On June 29, 2024, the U.S. Department of Labor announced the following actions regarding the regulation of investment advice under the … See more
DOL to Begin Enforcement of New Fiduciary Advice Exemption
WebDec 28, 2024 · On December 18, 2024, the United States Department of Labor (the DOL) adopted Prohibited Transaction Exemption 2024-02, Improving Investment Advice for Workers & Retirees (PTE 2024-02 or the Exemption), a new prohibited transaction exemption under Title I of the Employee Retirement Income Security Act of 1974 … WebJan 7, 2024 · The DOL has finalized its prohibited transaction exemption (PTE) allowing investment advice fiduciaries to receive reasonable compensation and engage in certain principal transactions, including as part of a rollover to an IRA. bankgata skole
For Advisers: DOL Confirms Investment Advice Exemption
WebApr 14, 2024 · The Department of Labor (DOL)’s Employee Benefits Security Administration (EBSA) has released guidance on fiduciary investment advice for … WebDec 17, 2024 · DOL Finalizes Less-Restrictive Fiduciary Standard for Investment Advice. New Department of Labor guidance eases … WebNew DOL Prohibited Transaction Exemption Regulates Investment Advice Fiduciaries On April 13, 2024, the DOL issued clarifying guidance for Prohibited Transaction Exemption 2024-02, Improving Investment Advice for Workers & Retirees, which became effective on February 16, 2024. porin matkahuolto