Labor Dept. proposes fiduciary exemption

The US Labor Department has proposed an exemption to the Employee Retirement Income Security Act that would let investment-advice fiduciaries be compensated for advice given to clients. The exemption would include advice on rollovers from employee benefit plans to products such as IRAs.

Full Story: Pensions & Investments (free access for SmartBrief readers) (6/29),  ThinkAdvisor (free registration) (6/29)