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Ropes & Gray Benefits Attorneys Discuss Effect of Public Comments on Proposed Expansion of Fiduciary Duty Rules in Bloomberg BNA

Practices: Executive Compensation & Employee Benefits

Executive compensation and employee benefits partner William Jewett authored an article appearing in the Nov. 6 issue of Bloomberg BNA’s Tax Management Compensation Planning Journal. The article, titled “The Department of Labor’s Conflict of Interest Project: The Public Debate and Its Implications for the Final Rule,” examines the themes emerging from the comment letters received by the Department of Labor in response to its proposed expansion of the definition of “investment advice” that would give rise to fiduciary status under ERISA. Mr. Jewett and Mr. Montgomery discuss the impact that the more than 3,000 comment letters received by the DOL and the testimony of 70 witnesses at public hearings may have on the makeup of the final rule, which is anticipated to be published in early 2016.

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