Twenty-one firms have responded to a Jan. 19 letter challenging them to resist the Trump administration's efforts to stop the regulation, Ms. Warren told Acting Labor Secretary Edward Hugler.
Firms would be better off with shorter, more frequent sessions for employeees
An order aimed at reducing regulation and controlling regulatory costs could sow confusion over issues such as executive compensation and the fate of planned rules affecting employer retirement plans.
It's important to know how to evaluate fund strategies to determine whether managers embody skill, conviction, opportunity and patience.
The level of trading was unsuitable for the client given her age, risk tolerance and income needs, according to the regulator.
Defined contribution plan participants who mix strategies “seem to be conducting reasonable investment practices,” according to new research from Vanguard.
Most Republicans have one, but just 38% of Democrats do; two-thirds of parents with young kids are intestate
Fintech firm will make the Marstone digital-advice platform available to the 13,000 financial institutions it works with.
Working longer and postponing benefits can increase future payments.
President Trump's initial draft memo, later revised, may have spelled out the administration's coming plans: to delay the rule for six months and seek a stay in the legal proceedings.
Scrapping or revising the law could lead to the disappearance of the Harkin Amendment, which would pave the way to indexed annuities being classified as securities rather than insurance products.
Delaying implementation of the Labor Department rule is the first step Republicans and the finance industry are eyeing as part of a broader overhaul of the measure.
By asking these questions, investors can avoid financial advisers who don't put their interests first.
Many broker-dealers &mdash; including Merrill Lynch, Morgan Stanley and Wells Fargo &mdash; are preparing for the changes in operations the rule would have created. <b>Plus: <a href="//www.investmentnews.com/section/video?playerType=INTV&bctid=5309561439001&date=20170203"" target=""_blank"" rel="noopener noreferrer">Advisers react to Trump's DOL rule decision</a></b>
Not all digital advice platforms are created equal. But which one ultimately serves your clients best will take a bit more time to tease out.
A final version of the document does not direct the DOL to delay the rule for six months, nor does it tell the agency to consult with the Department of Justice to seek a stay of the litigation surrounding the rule.
The move scrambles the fierce six-year battle over the rule, which would require financial advisers to act in the best interests of their clients in retirement accounts. <b>Plus: <a href="//www.investmentnews.com/section/video?playerType=INTV&bctid=5309561439001"" target=""_blank"" rel="noopener noreferrer">Advisers react to Trump's DOL fiduciary rule decision</a></b>
President Trump's decision to halt the DOL fiduciary rule drew mixed reactions from industry professionals.
The DOL is expected to prepare an updated economic and legal analysis concerning the likely impact of the rule.
