Certified Financial Planner Board of Standards Inc.
05/12/2026 | Press release | Distributed by Public on 05/12/2026 14:17
CFP Board Requests Extension to Comment Period for DOL Investment Alternatives Proposal
On May 12, 2026, CFP Board requested an extension to the comment period for a Proposed Rule by DOL's Employee Benefits Security Administration entitled "Fiduciary Duties in Selecting Designated Investment Alternatives." In the letter, CFP Board also requests that the DOL issue a request to collect information from a broad and diverse representation of plan advisers to defined contribution plans of all sizes. This would ensure that the final rule reflects a workable prudent process for all types of advisers and plans, and such a rule would have more durability in the future, affording fiduciaries the stability to confidently approach and execute their obligations in selecting appropriate investments.
To read the full letter, please click here.
Certified Financial Planner Board of Standards Inc. published this content on May 12, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 12, 2026 at 20:17 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]