Final Regulation on 401(k) Advice Bill Due Early 2011

2011 CalendarEven though it has been in the works for over four years now, it looks like we might finally receive clarification on the PPA ‘Fiduciary Adviser’ 401(k) advice regulations early next year. Understandably, with the many issues that have garnered more press such as the healthcare debate, 401(k) fee disclosure and target date funds, the regulations have been delayed.

Borzi also said that EBSA was working on a final regulation for its investment advice rule, which should be out early next year. “We’ve resolved most of the policy issues,” concerning the regulation, Borzi said, and are now focusing on “enforcement issues.”

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  1. Jim Groce on September 27, 2010 at 7:21 am

    I would like to read the bill, where can I see it?

  2. Joe Gordon on September 27, 2010 at 7:22 am

    Bill is in 90 day slumber at OMB right now.

  3. Sam Moss on September 27, 2010 at 3:55 pm

    Typical governmental speed.

  4. Becoming Your Own Banker on December 8, 2010 at 11:27 am

    I just don’t think the government makes the best decisions. I don’t know if I can trust them with my money at all.