Deciphering the DOL Rule

AALU Alert on Financial Institutions under the BIC Exemption: Update on FMO/IMO Discussions with the U.S. Department of Labor

AALU Alert on Financial Institutions under the BIC Exemption: Update on FMO/IMO Discussions with the U.S. Department of Labor This alert provides an update on the current status of discussions with the Department of Labor (“DOL”) to issue an exemption permitting Insurance Marketing Organizations (“IMOs”), Field Marketing Organizations (“FMO’s”), and similar entities to serve as…

AALU Alert on the Revised Prohibited Transaction Exemption 82-24: What the Changes Mean for the Industry

AALU Alert on the Revised Prohibited Transaction Exemption 82-24: What the Changes Mean for the Industry “PTE 84-24” likely was an unfamiliar term to many producers until the Department of Labor (“DOL”) released its new regulatory package redefining fiduciary investment advice several months ago. It was familiar to the lawyers and compliance officials because for…

DOL Proposes New Class Exemption Allowing “Insurance Intermediaries” To Enter Into BIC Exemption Arrangements (The IMO/FMO Exemption)

DOL Proposes New Class Exemption Allowing “Insurance Intermediaries” To Enter Into BIC Exemption Arrangements (The IMO/FMO Exemption) On the second to last day of the Obama Administration, the Department of Labor (“DOL”) published the long aawaited Proposed Best Interest Contract Exemption for Insurance Intermediaries (the “Exemption”). This proposed class exemption would allow certain “insurance intermediaries”…

DOL Implementation Task Force – Frequently Asked Questions

DOL Implementation Task Force – Frequently Asked Questions Who Falls Under the jurisdiction of the DOL’s new fiduciary rule? The rule applies to any advisor, regardless of his or her license, based on his or her actions. Whether the advisor is an insurance agent, a registered representative, a consultant, or something else, if he or...

AALU Webinar – A Closer Look at the Best Interest Contract Exemption: Issues and Options

AALU Webinar A Closer Look at the Best Interest Contract Exemption: Issues and Options Bradford Campbell Drinker Biddle & Reath June 30, 2016 Hon. Bradford P. Campbell Counsel (202) 230-­5159 Bradford.Campbell@dbr.com Mr. Campbell concentrates his practice in Employee Benefits advice and ERISA litigation, specializing in ERISA Title I issues, including fiduciary conduct and prohibited transactions....