WebOct 26, 2024 · The exemption, adopted late last year, is part of a long saga over how the DOL identifies and regulates non-discretionary investment advice to plans and IRAs, … WebJan 7, 2024 · The DOL has finalized its prohibited transaction exemption (PTE) allowing investment advice fiduciaries to receive reasonable compensation and engage in …
DOL to Begin Enforcement of New Fiduciary Advice Exemption
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 … WebApr 19, 2024 · In fact, the DOL is indicating the prohibited transaction exemption called “Improving Investment Advice for Workers & Retirees,” or PTE 2024-02, which was approved in February, may be a ... difference between aesthetic and cosmetic
Improving Investment Advice for Workers & Retirees
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. WebMar 1, 2024 · On December 18, 2024, the U.S. Department of Labor (DOL) published the final version of its new prohibited transaction class exemption for investment professionals: Prohibited Transaction Exemption 2024-02, Improving Investment Advice for Workers and Retirees. The new class exemption is based on the DOL’s temporary policy adopted … WebSep 2, 2024 · In late June and early July, the Department of Labor (DOL) published guidance regarding the standards that apply to fiduciaries providing investment advice to employee benefit plans subject to the Employee Retirement Income Security Act of 1974, as amended (ERISA), and individual retirement accounts (IRAs). difference between a fab and a foundry