A New DOL Rule May Change How Advisors Handle Your Retirement Money
The Retirement Security Rule ("the DOL Rule") will require all advisors who are working with retirement savings options, including 401 (k) retirement plans, qualified plan rollovers and annuities, to follow a fiduciary standard, regarded as the strictest in the industry.
Biden issues new rule to crack down on bad retirement advice
The Biden administration on Tuesday finalized a new rule to crack down on retirement advice given by financial professionals, a move that has already drawn fierce backlash from Wall Street.The Labor Department regulation aims to ensure that financial advisers,
Acting Labor Secretary Julie Su told House lawmakers Wednesday that Labor’s new fiduciary rule can withstand legal challenges ...
In short, it requires all retirement investment advisors to provide prudent, loyal, and honest advice free from overcharges.
Labor Department officials say they pored through a voluminous comment record and responded to the feedback they received.
Acting Labor Secretary Julie Su defended the Labor Department’s new fiduciary rule to Republican lawmakers at a House hearing May 1. Several GOP members of the House Education and the Workforce ...
The carve-out for pure sales activity requires that activities should be specific and scripted by broker-dealers, banks or insurance companies that make the decision not to offer fiduciary advice. The ...
In the DOL’s example, a boilerplate disclaimer of fiduciary status is insufficient to defeat fiduciary status under the rule when the rest of the advice provider’s communications are ...
Opponents to broadening the fiduciary universe say the 2016 rule harmed many ... or investment strategy involving ...
After several abortive attempts over three presidential administrations, the Department of Labor (DOL) once again has ...
Experts say that saver-initiated rollovers, according to the final rule as provided by the DOL last week, will not ...
DOL spent the shortest time finalizing the current fiduciary rule — 66 days, with the next shortest time being 110 days ...
For years I have bemoaned the fact that many financial professionals were not always required to act in the best interest of ...
Sen. Elizabeth Warren, D-Mass., asked 15 of the largest annuity companies for more information on the rewards and incentives ...
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