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The DOL’s Proposal to Allow Conflicted Advice to Plans, Participants, and IRAs

2020 
By Fred Reish

The DOL issued a proposal to allow conflicted fiduciary investment advice to retirement plans, participants, and IRAs.


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 US Department of Labor (“DOL”) is proposing to allow conflicted fiduciary investment advice to retirement plans, participants, and IRAs (who are collectively referred to as “Retirement Investors”). This article discusses the proposal and its likely impact on broker-dealers and investment advisers.

To learn more, please contact your Hartford Funds representative.



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.

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