Many financial advisers are still grappling with how the Pension Protection Act permits them to give advice to 401(k) plans, Investment News reports. And a good majority doesn’t want to move to fee-based accounts from commissions.

Some advisers mistakenly believe the law allows them to still accept trailing commissions and revenue-sharing, and it does not, said Jason Roberts, an attorney with Edgerton & Weaver who has created a website to clarify the Pension Protection Act, ppa-law.com.

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