The American Retirement Association wrote to the Department of Labor to ask for an extension of the transition period and delay of the applicability date of the Fiduciary Regulation recommending a “tiered” approach to determine the applicability date for the delayed provisions of the Best Interest Contract Exemption, the Principal Transaction Exemption, and amendments to...

The American Retirement Association wrote to the Department of Labor to respond to the Department’s Request for Information regarding the Fiduciary Rule and Prohibited Transaction Exemptions. In the letter, the American Retirement Association recommends a delay of the January 1, 2018 applicability date for certain provisions of the Best Interest Contract Exemption, the Principal Transaction...

The American Retirement Association wrote to the Department of Labor to request interpretative guidance with respect to the obligation of a covered service provider to disclose a change in the information required to be provided under ERISA Section 408(b)(2) resulting from the June 9, 2017 applicability date for the Fiduciary Rule and related prohibited transaction...

The American Retirement Association wrote to the Department of Labor as follow-up to the Association’s original comment letter submitted on July 20, 2015 to provide supplemental information to the Department to clarify and amplify the Association’s “Level-to-Level Exemption” proposal as part of the Department’s Fiduciary Rule. (more…)