• 11/17/2009 ANALYSIS OF DOL MAY DELAY

WASHINGTON – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) on November 17th,  announced publication of a notice further extending the applicability and effective dates of the final rule on investment advice under the Pension Protection Act to May 17, 2010.  The notice is expected to be published in the Nov. 17 edition of the Federal Register. For DALBAR's Analysis of the DoL May Delay, Click here...

• US Labor Department further extends effective date of rules on investment advice

11/16/2009 - US Labor Department further extends
effective date of rules on investment advice

The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) today announced publication of a notice further extending the applicability and effective dates of the final rule on investment advice under the Pension Protection Act to May 17, 2010.  The notice is expected to be published in the Nov. 17 edition of the Federal Register.

• DoL-Investment Advice Regulations further Delayed.

As expected and as outlined in document below, the Investment Advice Regulations have officially been delayed. We believe this means the end of the class exemption and the computer model option.

Dalbar will be offering full briefings via Webcasts as part of our Retail Regulatory Reform services.

• Labor Department not allowing brokers to advise 401(k) plans:

09/07/2009 - EBSA Between the Lines

This was expected, there was little other alternative.

The DoL's position closes the potential for retirement product providers to offer participant advice. This answer eliminates the competition for independent advisers and opens the door for participants to get unbiased advice. Advisers who meet the level compensation standards and submit to an annual audit now have an unencumbered opportunity to serve the participant market!