Proposed rules will hold stockbrokers and other investment advisers to a tougher standard that the U.S. government thinks will protect savers.
The Labor Department unveiled the rule on a fiduciary standard for all retirement plan advisers last year. The fight to implement the rule will go on in 2016.
The financial industry has picked sides in the fight over the DOL’s proposal to impose the fiduciary standard to retirement account advisers. Will investors win?
The fiduciary standard is the highest standard of care. A fiduciary must only give advice that is in the client’s best interest
Skewed financial incentives for advisers can lead to less than optimal financial advice. What is the answer to conflicts of interest?
A rule that could protect investors has been delayed until 2015. The proposal from the DOL would expand the fiduciary standard to more retirement plan advisers.
The House of Representatives harms investors by passing a bill that purports to protect them.
A bill came out that purports to protect investors but actually does just the opposite.
If you got a 401(k) fee disclosure report and you haven’t read it, the Department of Labor says “shame on you.”
The Department of Labor offers some help understanding its new 401(k) fee disclosures.