DOL Fiduciary Rule, PTE 2020-02 & ERISA Investment Advice
When advice to ERISA plans and IRAs, including rollover recommendations, is fiduciary advice, and the PTE 2020-02 conditions for receiving conflicted compensation.
- Issued by
- US Department of Labor — EBSA
- Applies in
- United States
- Edition
- Five-part test restored 20 April 2026; PTE 2020-02 (2020)
- Area
- Pensions
What an assessor reads first.
The headline requirements in Amoreg’s catalogue, in the issuer’s own numbering where it has one. They are where a review starts, not a transcription of the text.
- 2510.3-21Advice relationships assessed against the five-part fiduciary testScope
- II(a)Impartial Conduct Standards: best interest, reasonable compensation, no misleading statementsConduct
- II(b)Written fiduciary acknowledgement and conflict disclosures before the transactionDisclosure
- II(c)(3)Documented reasons that a rollover recommendation is in the investor's best interestRollovers
- II(d)Policies and procedures to mitigate conflicts of interestGovernance
- II(e)Annual retrospective review, certified by a senior executiveAssurance
- II(f)Self-correction of violations with notice to the DepartmentRemediation
How Amoreg keeps you on it.
Enable the DOL Fiduciary Rule, PTE 2020-02 & ERISA Investment Advice and add US Department of Labor — EBSA’s pages as a monitor of your own. Every publication it records keeps its source, stage and date.
Inspector reads your policies against these 7 requirements every week and opens a finding wherever one falls short, citing the rule and drafting the fix. A person decides what is applied.
Each week
- Read US Department of Labor — EBSA’s pages
- Check the library against 7 requirements
- Open findings with drafted fixes
- Wait for a person to decide
Policy does not yet set out: advice relationships assessed against the five-part fiduciary test
- Rule
- DOL Fiduciary Rule, PTE 2020-02 & ERISA Investment Advice, 2510.3-21
- Area
- Scope
- Proposed by
- Inspector
- Decided by
- A named person, once reviewed
The same ground, elsewhere.
- The Pensions Regulator — General Code of PracticeThe consolidated code: effective system of governance and own risk assessment for occupational schemes.United Kingdom · 5 controls
- Guernsey Pension Licensees Rules and GuidanceConduct and governance rules for pension scheme and gratuity scheme licensees.Guernsey · 4 controls
- IORP II DirectiveGovernance, risk management and member information for occupational pension institutions.European Union · 4 controls
Also in United States
- US Bank Secrecy Act / FinCEN AML ProgramBSA AML programme requirements: the pillars, CDD rule, SAR/CTR reporting and beneficial ownership.United States · 6 controls
- OFAC Sanctions Compliance ProgramThe five essential components of an effective sanctions compliance programme.United States · 5 controls
- US Foreign Corrupt Practices ActAnti-bribery and books-and-records provisions, assessed against the DOJ's Evaluation of Corporate Compliance Programs.United States · 4 controls
- GLBA Safeguards RuleThe information security programme financial institutions must maintain for customer information.United States · 5 controls
- NIST Cybersecurity Framework 2.0Six functions for managing cybersecurity risk, now including Govern.United States / Global · 6 controls
- NYDFS Cybersecurity Regulation (23 NYCRR 500)Cybersecurity requirements for DFS-licensed entities, with CISO, MFA, annual certification and 72-hour notice.United States — New York · 6 controls
Questions
Does Amoreg watch for changes to the DOL Fiduciary Rule, PTE 2020-02 & ERISA Investment Advice?
Enable it and add the issuer’s pages as a monitor of your own. Every publication the Monitor records keeps its source, stage and date.
Can Amoreg check our policies against the DOL Fiduciary Rule, PTE 2020-02 & ERISA Investment Advice?
Yes. Inspector reads your library against its requirements every week and opens a finding, with the rule it cites and a proposed fix, wherever a policy falls short. A person decides what is applied.
Which edition does Amoreg use?
The catalogue records Five-part test restored 20 April 2026; PTE 2020-02 (2020). Editions were last verified in August 2026, and the Monitor records new publications as they appear.