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3Q17: The Fiduciary Rule: Where Are We Now?

September 2017
By Fred Reish

Fred explains the Department of Labor's fiduciary regulation, what changes may need to be made as a result, and potential traps to avoid in the process.


On June 9, the DOL’s fiduciary regulation took effect. As a result, recommendations to plans, participants, and IRAs about the following matters are fiduciary advice:  

  • Investments
  • Insurance and annuities
  • Investment strategies and policies
  • Other advisors, for either discretionary or non-discretionary investment advice
  • Transfers of, and distributions from, IRAs
  • Distributions and rollovers from plans

Fred Reish is an ERISA attorney whose practice focuses on fiduciary responsibility, retirement income, and plan operational issues. He has been recognized as one of the “legends” of the retirement industry by both PLANADVISER magazine and PLANSPONSOR magazine.

The views expressed here are those of Fred Reish. They should not be construed as investment advice or as the views of Hartford Funds or the employees of Hartford Funds. They are based on available information and are subject to change without notice. The information above is intended as general information and is not intended to provide, nor may it be construed as providing, tax, accounting or legal advice. As with all matters of a tax or legal nature, please consult with your tax or legal counsel for advice. This material and/or its contents are current at the time of writing and may not be reproduced or distributed in whole or in part, for any purpose, without the express written consent of Fred Reish.

All investments are subject to risk, including the possible loss of principal.

MFDC-3Q17_0917 203266