At deadline.(pension protection act)

Pensions & Investments, February, 2007

DOL issues advice guidance Money managers offering investment advice to participants in 401(k) plans they manage can vary the fees they charge for their own investment options, but they must provide the advice through a separate affiliate, whose compensation is the same regardless of which investment options are selected, the Labor Department said Feb.

2. The Labor Department also said that plans could continue to offer advice under the department's 2001 Sun America opinion, even though the Pension Protection Act of 2006 established additional ground rules. The Sun America decision said money managers could avoid conflict-of-interest problems when offering advice if the advice was from a computer model generated by an independent third party and the fees...

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