The Department of Labor's Employee Benefits Security Administration will re-propose its fiduciary rules in October, according to the DOL's Semiannual Agenda of Regulations.
The fiduciary rule, which was initially proposed in 2010, would more broadly define as employee benefit plan fiduciaries people who render investment advice to plans for a fee within the meaning of section 3(21) of the Employee Retirement Income Security Act.
The amendment would take into account current practices of investment advisors and the expectations of plan officials and participants who receive investment advice.
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