Browsing Tag
DOL Fiduciary Rule
92 posts
The DOL Fiduciary Rule is a U.S. Department of Labor regulation that requires financial advisors and brokers who provide investment advice on retirement accounts (like IRAs and 401(k)s) to act in their clients’ best interests. It expands the definition of “fiduciary” under ERISA, aiming to reduce conflicts of interest, increase transparency, and protect investors from biased advice driven by commissions or fees.
The Latest Changes Made to the DOL’s Final Fiduciary Rule
Among the revisions in the DOL final rule includes omitting one aspect of the three-part test
DOL to Issue Final Fiduciary Rule on Tuesday
The Department of Labor is expected to release the final version of its fiduciary rule at 5 p.m. ET on April 23
Most Americans Seek Best Interest in Retirement Advice
Nearly all respondents surveyed in a CFP Board study believe that financial professionals should serve in the best interest of clients, even when making one-time recommendations and other one-time advice
California’s Adoption of NAIC Annuity Protection Model Means 90% of U.S. Consumers Now Covered
Insurance industry opponents of DOL Retirement Security Rule say move further diminishes its need
Key Action Points for Advisors to Consider Ahead of Final Fiduciary Rule
As the industry expects to see more ERISA fiduciaries enter the market in 2024, panelists at the VCI Industry Leaders Summit touch on next steps for advisors to review
Retirement Security Rule Would Cost 11 Times More than DOL Estimate: Report
New Oxford Economics report commissioned by the Financial Services Institute says controversial proposed rule would cost firms $2.7 billion to implement in the first year
Congress Voicing Concerns with DOL Fiduciary Rule Proposal
50 bipartisan reps send letter urging controversial rule be withdrawn, and House Capital Markets Subcommittee will hold a hearing Wednesday to explore its necessity
More Older Participants Favor DOL Best Interest Rule
66% of participants say they would not vote for a member of Congress who would try to overturn the department's controversial fiduciary rule
It’s A Mess Alright—And We CAN Make It Worse
Who is best positioned, who can participants rely upon to manage the investment of retirement assets
Fiduciary Rule Comment Letters Flood in to DOL as Deadline Passes
Many organizations call for the proposed rule to be withdrawn in its entirety