DOL warns the ERISA fiduciary debate is far from over
By EsqSocial Corporation 27/04/21
In a troubling development, the US Department of Labor (DOL) has announced its expectation that it will proceed to propose yet another iteration of investment advice guidance under the Employee Retirement Income Security Act of 1974, as amended (ERISA) - which would become Rule 4.0 - possibly on even more radical terms than its 2016 Rule 2.0 that was vacated by the Fifth Circuit Court of Appeals. To briefly recap, after its Rule 1.0 proposal was withdrawn in 2011 in light of bipartisan...
By: Eversheds Sutherland (US) LLP