The Department of Labor (DOL) has implemented the first phase of its new Fiduciary Rule, extending the scope of retirement plan fiduciary duties. In part, the Fiduciary Rule aims to mitigate conflicts of interest that arise from financial advisors' recommendations regarding retirement accounts. Because of the sweeping changes the Fiduciary Rule brings to the financial advice industry, it has been the subject of great controversy. The primary provisions of the Fiduciary Rule took effect on June 9, 2017, though certain exemption provisions will take effect on January 1, 2018.
What Are the Requirements of Those Held to a Fiduciary Standard?
Posted by nhogan on Jun 27, 2017 2:51:25 PM
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Topics: Department of Labor, Fiduciary Rule in Effect, Uncategorized
Implementing the New Overtime Final Rule – Tips to Preserve Company Culture
Posted by bgoricki on Oct 17, 2016 8:09:23 AM
On November 22, 2016, a federal judge in Texas issued a nationwide injunction blocking the Department of Labor's rule that would require overtime pay for millions of workers. The regulation was scheduled to take effect on December 1, 2016.
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Topics: overtime rule, Advisory, Department of Labor, Employment, Uncategorized
Overtime Final Rule Could Have Far-Reaching Consequences
Posted by bgoricki on Jun 27, 2016 5:06:21 PM
On November 22, 2016, a federal judge in Texas issued a nationwide injunction blocking the Department of Labor's rule that would require overtime pay for millions of workers. The regulation was scheduled to take effect on December 1, 2016.
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Topics: Department of Labor, Employment, Overtime, Uncategorized
Employee Benefit Plan Matters: Department of Labor's Focus Areas
Posted by jbarnes on Jan 17, 2014 12:00:00 AM
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Topics: Department of Labor, Uncategorized