Below you'll find a list of all posts that have been tagged as “Best Interest Contract Exemption”
Mark Your Calendar Two Dates are Key DOL Deadlines Since April, there has been much discussion about what needs to be done to comply with the Department of Labor fiduciary rule. Of equal importance is when those steps need to be completed. When it comes to the DOL rule, there are two key dates you need to remember: April 10, …
When it Comes to Conflicted Compensation, It’s All About That BICE With apologies to pop singer Megan Trainor, when it comes to receiving differential or non-level compensation under the Department of Labor’s (DOL) new fiduciary rule, it really is “all about that BICE.” The Best Interest Contract Exemption (BICE) is a prohibited transaction exemption within the new fiduciary rule that …
DOL Fiduciary Rule Advances to OMB By Doug Baxley, Vice President of Compliance Late on Thursday, January 28, the Department of Labor (DOL) took the next step in advancing their Fiduciary Rule proposal. The controversial rule proposal was sent to the Office of Management and Budget (OMB) for a final review. The OMB has up to 90 days to review the rule; …
DOL Updates By Doug Baxley, AVP – Assistant Director of Compliance On April 20, 2015, the Department of Labor (DOL) published its proposed rule regarding retirement investment advice, conflicts of interest, and the definition of the term “fiduciary” with regards to the Employee Retirement Income Security Act of 1974 (ERISA). The proposed rule would institute a broad new definition of the …
