The discussion is supposed to focus on retirement-focused investment plans.
At the end of March, the Department of Labor (DOL) reopened public comment on proposed amendments to the Certified Professional Asset Manager Policy.
It is common for people with retirement-focused investment plans, such as pension plans, to hire qualified professionals to manage their accounts. This allows professionals to make investments normally prohibited by the Employee Retirement Income Security Act. The DOL’s amendment specifically disqualifies an expert for committing a foreign offense and provides for a one-year rest period after an expert is convicted of disqualification and a formal formal agreement between the expert and client. I am obliged to sign a contract.
“Reopening the comment period on the proposed amendment to the Eligible Professional Asset Manager Exemption will allow the Office of Employee Benefits Security Administration to seek additional information from all stakeholders, including information related to questions posed at the hearing. It helps us make sure we get it,” explained the Assistant Secretary for Employee Benefits. Security Lisa Gomez.
Pray with us for the Lord to guide us…
- May the Lord guide the discerning public to give their opinion on this amendment.
- For Departments of Labor working to incorporate additional content into policy development.
- That the Biden administration continues to listen to the American people.
sauce: Ministry of Labor
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