Proposed rules will hold stockbrokers and other investment advisers to a tougher standard that the U.S. government thinks will protect savers.
The DOL issued a proposal that would make it easier for employees with no current access to a workplace retirement plan to save.
As the Department of Labor pulls closer to locking in a rule establishing a fiduciary standard for advisers to retirement accounts, the horns are coming out.
The fiduciary standard is the highest standard of care. A fiduciary must only give advice that is in the client’s best interest
A bill came out that purports to protect investors but actually does just the opposite.