DOL New Fiduciary Rule – How It Impacts You
At the present time, there is no impact to the services provided to you by Mutual of Omaha Retirement Services or your financial representative(s). The proposal is currently in a 75-day period of public comment and there are expected to be a large number of responses to the proposal. All public comments will need to be reviewed before any rulemaking decisions are made.
For your reference, the link below is a briefing from our ERISA legal counsel outlining the current status of the proposal and the changes being recommended. As a recipient of our Insights e-newsletter, we will continue to keep you abreast of developments regarding this proposal as they arise.Briefing – Proposed DOL Rule