DOL plans October release of revised fiduciary definition

07/18/2013 | ThinkAdvisor

The U.S. Department of Labor expects to release in October a rewritten version of a proposed fiduciary rule for financial advisers working with sponsors of retirement plans. The DOL has confirmed a plan for a revised definition of fiduciary under the Employee Retirement Income Security Act. Industry officials say Tom Perez's confirmation as labor secretary is unlikely to delay the process.

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