In April 2015, the Department of Labor (DOL) re-proposed regulations that amend the definition who is included in the definition of fiduciary for employee benefit plans and Individual Retirement Accounts (IRA’s) and with it limits the scope of compensation for advice for those fiduciaries . In 2010, the DOL had proposed regulation with similar intent…
Fiduciary Duty
Fiduciary Duty
A happy dance-worthy clarification
The Department of Labor has issued a clarification on previous ERISA (that’s short for Employee Retirement Income Security Act) guidance that seems rather minor at a first glance but make no mistake, it is ground-breaking after all. In a nutshell: guidance issued in 2008 discouraged what we would now call “impact investment opportunities with competitive…