The Department of Labor plans to start rolling out “very soon” its frequently-asked-questions guidance on its fiduciary rule, Phyllis Borzi, assistant secretary of Labor for DOL’s Employee Benefits Security Administration, said Tuesday.
The first “wave” of FAQs will answer a “couple dozen” questions on the rule’s exemptions, including the best interest contract exemption, Borzi told reporters after her remarks during a panel discussion at the American Society of Pension Professionals and Actuaries national conference in National Harbor, Maryland, just outside Washington.
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