The disclosure 401(k) advisers may be missing under the DOL fiduciary rule come June 9
InvestmentNewsJune 08, 2017
When the Department of Labor's fiduciary rule kicks in June 9, previously non-fiduciary advisers to 401(k) plans will need to furnish important new disclosures to their clients acknowledging their newly minted fiduciary status. The kicker: The action isn't mandated by the fiduciary rule itself, but another retirement rule already on the books. And failure to provide the disclosures could lead to some nasty repercussions for advisers and broker-dealers.
Visit InvestmentNews.com (login required) to learn more, including some insight from Duane Thompson, senior policy analyst for Fi360.
