Judge Vacates And Remands 1 Of 2 Challenged DOL Rollover Recommendation Policies

Mealey's ( February 15, 2023, 1:23 PM EST) -- TAMPA, Fla. — Declaring one of two challenged policies on rollover recommendations unlawful, a Florida federal judge vacated and remanded it to the U.S. Department of Labor (DOL), saying in part that the policy “impermissibly unmoors the focus of the inquiry into whether an individual is a fiduciary away from a specific” Employee Retirement Income Security Act plan....