Retirement Security Rule:
Law and Regulations

ERISA Title 29 Chapter 18

• 04/25/2024 - Final Retirement Security Rule
• The rule defines when a financial services provider is an investment advice fiduciary under Federal pension law.
• 04/25/2024 - Final Amendment to PTE 2020-02
• The amendment makes clarifying changes to the exemption that build on the existing conditions to provide more certainty for fiduciary investment advice providers and more protection for retirement investors.
• 04/25/2024 - Final Amendment to PTE 84-24
• Under the amendment, a new section is added to PTE 84-24 to provide relief for independent insurance agents receiving compensation that would otherwise be prohibited for investment advice transactions.
• 04/25/2024 - Final Amendment to PTEs 75-1, 77-4, 80-83, 83-1, and 86-128
• The Department finalized amendments to these existing administrative PTEs to remove fiduciary investment advice transactions from the covered transactions in each exemption.
• 11/03/2023 - Proposed Retirement Security Rule
• The Department proposed that a financial services provider would be an investment advice fiduciary under Federal pension law in certain circumstances.
• 11/03/2023 - Proposed Amendment to PTE 2020-02
• The Department proposed to maintain and build upon the core conditions in PTE 2020-02 that provide fundamental investor protections and make clarifying changes.
• 11/03/2023 - Proposed Amendment to PTE 84-24
• Currently, PTE 84-24 allows fiduciaries to receive compensation that would otherwise be prohibited when plans and IRAs enter into certain insurance and mutual fund transactions, as well as certain related transactions. The proposed amendment would limit coverage for advice to independent insurance agents and make minor language changes.
• 11/03/2023 - Proposed Amendment to PTEs 75-1, 77-4, 80-83, 83-1, and 86-128
• The proposed amendments would remove fiduciary investment advice transactions from the covered transactions in each exemption and make certain other administrative changes.
• 04/08/2016 - 2016 Fiduciary Rule Investment Education Provision
• The Department of Labor stated in the Retirement Security Rule that furnishing the categories of investment-related information and materials described in paragraph (b)(2)(iv) of the 2016 Fiduciary Rule will not result in the provision of fiduciary investment advice (see 89 FR 32122, 32167-68 (April 25, 2024)).