The Department of Labor has released its first series of Frequently Asked Questions, or FAQ guidance, in support of the fiduciary rule.
The highly anticipated FAQ addresses 34 questions specific to the rule's Best Interest Contract Exemption, based on inquiries from stakeholders since the rule was released last April.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
