The RightBRIDGE System is Ready for the DOL Retirement Security Rule
Retrieved on:
Wednesday, April 24, 2024
The required changes for the Retirement Security Rule will be in the 2024 release R2 of RightBRIDGE.
Key Points:
- The required changes for the Retirement Security Rule will be in the 2024 release R2 of RightBRIDGE.
- The RightBRIDGE regulatory framework provides a unified approach to regulatory requirements of federal and state regulations including Reg BI, PTE 2020-02, state regulations like NAIC Best Interest Model and NY 187 and the new Retirement Security Rule.
- As part of its review process for the Retirement Security Rule and amended PTE’s, CapitalROCK engaged with the Wagner Law Group.
- In an opinion provided by Wagner’s Chief Legal Officer, Stephen Wilkes, Mr. Wilkes commented that the RightBRIDGE system is “wholly consistent with the PTE” and would be well-positioned once the Retirement Security Rule became final.