DOL releases final fiduciary rule
Here is your first look at the actual regulation detailing requirements for advice to retirement accounts.
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.
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