News release: “The U.S. Department of Labor announced publication of a final rule to make investment advice more accessible for millions of Americans in 401(k) type plans and individual retirement accounts (IRAs). The final rule will be published in the Jan. 21, 2009, edition of the Federal Register. The rule includes a regulation that implements the new statutory exemption for investment advice added to the Employee Retirement Income Security Act (ERISA) by the Pension Protection Act (PPA) and a related class exemption.”

• Employee Benefits Security Administration Federal Register Notice: Prohibited Transaction Exemption for Provision of Investment Advice to Individual Retirement and Similar Plans [12/04/2006] and Comments to Proposed Regs
• Chairmen Miller, Andrews Statement on Last-Minute Special Interest Regulation – Rule Could Undermine Retirement Savings Plans for Millions of Americans