The DOL Provides Practical Guidance on the Application of PTE 2020-02 to Rollover Recommendations
By EsqSocial Corporation 25/05/21
As described in our recent blog post, the Department of Labor (“DOL”) recently issued guidance in the form of FAQs to address questions concerning the practical application of PTE 2020-02, Improving Investment Advice for Workers & Retirees. Recommendations regarding the rollover of assets from an employee benefit plan to an IRA are a key focus of the DOL and of these FAQs. This blog post discusses the guidance the DOL offers with respect to rollover recommendations under PTE 2020-02......
By: Faegre Drinker Biddle & Reath LLP