DOL releases final fiduciary rule

Here is your first look at the actual regulation detailing requirements for advice to retirement accounts

Apr 6, 2016 @ 10:42 am

By Mark Schoeff Jr.

+ Zoom

The Labor Department released Wednesday the final version of a regulation that will raise investment advice standards for retirement accounts.

The measure is designed to reduce conflicts of interest for financial advisers working with 401(k) and individual retirement accounts.

Here is a link to the final DOL fiduciary rule, broken into segments under the header Documents Pending Publication.

It was posted in the Federal Register at 11:15 a.m. ET, as Labor Secretary Thomas Perez, Sen. Elizabeth Warren, D-Mass., and other supporters were preparing to host a launch event at the Center for American Progress in Washington.

(More coverage: The DOL fiduciary rule from all angles)

InvestmentNews will continue to follow this story as advisers and the industry have time to digest the new rule and analyze its contents and likely consequences.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Latest news & opinion

The appeal and pitfalls of holding unconventional assets in retirement accounts

While non-traditional asset classes held in individual retirement accounts may have return and portfolio diversification benefits, there are "unique complexities" that limit their value for most investors.

Wells Fargo's move to boost signing bonuses could give it a lift

Wirehouse is seen as trying to shore up adviser ranks that took a hit after banking scandal

New Jersey fines David Lerner Associates for nontraded REIT sales

Firm will pay $650,000 for suitability, compliance and books and records violations.

Report predicts $400 trillion retirement savings gap by 2050

Shortfall driven by longer life spans and disappointing investment returns.

Wells Fargo will ramp up spending to lure brokers

Wirehouse, after losing 400 brokers in first quarter, is bucking trend among rivals who have said they are going to cut back on spending big bucks recruiting veteran advisers

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print