DOL fiduciary rule takes effect, but more uncertainty lies ahead
June 9, 2017 by Mark Schoeff Jr.
The Labor Department’s fiduciary rule has partially taken effect, but its future, much like its past, is shrouded in uncertainty.
Two provisions of the measure, which requires financial advisers to act in the best interests of their clients in retirement accounts, become applicable today. One expands the definition of who is a fiduciary, and the other establishes impartial conduct standards.
How much of the rest of the rule will survive is an open question.
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Originally Posted at InvestmentNews on June 9, 2017 by Mark Schoeff Jr..
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