Department of Labor finalizes rule designed to address conflicts of interest in retirement advice.
The final Department of Labor fiduciary regulation was released on April 6, 2016. Since the proposed regulation was announced in 2015, our experts have been actively engaged in the rulemaking process, by meeting with senior staff of the DOL, participating in industry forums on the topic and providing input for comment letters.
The following discussion, conducted on April 28th, 2016, explores the new definition of investment advice, changes made to the Best Interest Contract Exemption, and the potential impact of the rule.
The Department of Labor's (DOL) fiduciary proposal around retirement investment advice was released April 6, 2016 by U.S. Secretary Perez.
The following information has been released to the public:
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