DOL to Issue Final Rule on Fiduciary by Year-End: Borzi

DOL to Issue Final Rule on Fiduciary by Year-End: Borzi

03/01/11

Phyllis Borzi, assistant secretary for the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) said Tuesday that the EBSA plans to “refine” the text of its proposed regulation amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA) and issue a final rule by year-end.

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