Washington Pulse – DOL Issues Final Fiduciary Definition Regulations

April 8, 2016 Following one of the most controversial regulations-setting processes the retirement industry has witnessed, the Department of Labor has issued a final rule defining fiduciary status with respect to retirement plans. The DOL refers to this guidance as the “conflict-of-interest” rule, its purpose being to protect retirement savers from biased advice from financial advisors and investment professionals.

 

Read our full Washington Pulse article summarizing the rule and highlighting its exemptions here.