The Department of Labor (DOL) issued a final rule that defines what communications are considered fiduciary “investment advice” for purposes of Employee Retirement Income Security Act (ERISA) and the Internal Review Code (Code). An individual or entity that provides fiduciary investment advice to a specific individual for a fee or other compensation is considered a “fiduciary” under ERISA and the Code and subject to certain fiduciary duties.
Already a member? Log in
NAFCU Members Get More
This page contains member-only content.
Membership is open to all federally insured credit unions in the United States, both federally and state-chartered. Members enjoy:
If you are already logged in and believe you should have access to member-only content, please contact us for assistance at email@example.com.