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Drinker Biddle & Reath LLP | USA | 30 Apr 2019

TIPS for TPAs: MEPs: Compensating the Sponsor, Part II

Given the possible advantages of multiple employer plans (MEPs) - in transferring fiduciary responsibility and administrative burdens and in reducing


Drinker Biddle & Reath LLP | USA | 10 Apr 2019

The DOL’s Temporary Enforcement Policy: Potential Traps for the Unwary

The overturning of the DOL's Fiduciary Rule by the Fifth Circuit last year had two impacts: first, the definition of "fiduciary" for investment


Drinker Biddle & Reath LLP | USA | 19 Dec 2018

Fiduciary Status for the Unwary

If you thought that avoiding fiduciary status would be a slam-dunk after the “new” DOL fiduciary advice rule was vacated, think again. The DOL’s old


Drinker Biddle & Reath LLP | USA | 14 Jun 2018

Why Fiduciary Status Still Matters in a Post-Fiduciary Rule World: A Look at Prohibited Transactions And Compensation

In a previous post, we discussed why broker-dealers and their representatives will likely still be fiduciaries to ERISA plans and IRA investors in


Drinker Biddle & Reath LLP | USA | 23 May 2018

Social Investing: What the Latest DOL Guidance Means for Plan Fiduciaries

When can a plan fiduciary - consistent with its ERISA duties - consider the “social” aspects of competing investment products when making decisions


Drinker Biddle & Reath LLP | USA | 23 May 2018

The Fiduciary Rule Has (Almost Certainly) Been Vacated: What Plan Sponsors Should Know

On March 15, the Fifth Circuit Court of Appeals issued a ruling vacating the DOL Fiduciary Rule (the “Rule”) in its entirety. By the “Rule,” we mean


Drinker Biddle & Reath LLP | USA | 22 May 2018

Old Standard, New Day: The Death of the Fiduciary Rule Doesn’t Mean That Broker-Dealers Won’t be Fiduciaries

The “old” rules will again prevailbut the old rules will not be applied in the old ways, and this will have some significant impacts on


Drinker Biddle & Reath LLP | USA | 26 Mar 2018

Bye-Bye Fiduciary Rule?

Should you say goodbye to the Fiduciary Rule? Maybe, but not just yet. The DOL has until the end of April to decide whether to let the 5th Circuit


Drinker Biddle & Reath LLP | USA | 2 Feb 2018

Reasonable Compensation

In a previous post , we debunked the myth that the Fiduciary Rule requires advisors to recommend the lowest-cost investments. In this post, we discuss


Drinker Biddle & Reath LLP | USA | 21 Jun 2017

Impact of the DOL Fiduciary Rule on Independent Insurance Agents

Recommendations of annuities and life insurance to retirement plan participants and IRAs (“retirement investors”) are fiduciary acts under the DOL’s

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