Department of Labor finalizes rule designed to address conflicts of interest in retirement advice.
The Department of Labor's (DOL) fiduciary proposal around retirement investment advice was released April 6, 2016 by U.S. Secretary Perez. BNY Mellon is evaluating the much-anticipated final ruling to fully understand the implications for you and your business.
The following information has been released to the public:
The following discussion, conducted on March 17, 2016 before the final rule was released, explored the proposed rule from the vantage point of an asset manager and explores what considerations they should taking into account leading up to the impending release. Our experts explore the potential implications asset managers will face from the following perspectives: sales and marketing, product development, operations and legal.
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