{"id":58710,"date":"2026-05-01T14:20:08","date_gmt":"2026-05-01T14:20:08","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/58710\/"},"modified":"2026-05-01T14:20:08","modified_gmt":"2026-05-01T14:20:08","slug":"dol-grants-ubs-pass-for-retirement-fund-management-until-2035","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/58710\/","title":{"rendered":"DOL Grants UBS Pass for Retirement Fund Management Until 2035"},"content":{"rendered":"<p>The Labor Department granted an exemption to allow asset managers under the Swiss-based UBS Group AG to continue managing retirement assets until May 2035, with certain conditions.<\/p>\n<p>The Employee Benefits Security Administration issued a notice of the <a href=\"https:\/\/aboutblaw.com\/blCk\" rel=\"nofollow noopener\" target=\"_blank\">exemption<\/a>on Friday, which extends UBS\u2019s status as a qualified professional asset manager. QPAMs are considered the gold standard for 401(k) asset managers and are protected from being held legally responsible for various prohibited transactions under the Employee Retirement Income Security Act.<\/p>\n<p>The agency amended its original <a data-terminal-id=\"TB0UAOKGIFTM\" href=\"https:\/\/news.bloomberglaw.com\/daily-labor-report\/ubs-would-get-retirement-fund-management-pass-under-dol-proposal\" rel=\"nofollow noopener\" target=\"_blank\">February proposal<\/a> based on feedback and requests from UBS, which included extending the exemption from 2031 &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"The Labor Department granted an exemption to allow asset managers under the Swiss-based UBS Group AG to continue&hellip;\n","protected":false},"author":2,"featured_media":58711,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[129],"tags":[24243,12560,12562,32658,223],"class_list":{"0":"post-58710","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ubs","8":"tag-401k-plans","9":"tag-investment-advisers","10":"tag-plan-prohibited-transactions","11":"tag-tax-audits","12":"tag-ubs"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116499763777170296","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/58710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=58710"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/58710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/58711"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=58710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=58710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=58710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}