3 outstanding questions about the DOL’s proposed fiduciary rule
January 12, 2016 by BEN YAHR, JUSTIN SINGER, DAN BENDER, RANJIT JASWAL
The U.S. Department of Labor’s (DOL) proposed fiduciary rule (the Rule) has become a very hot topic in the retirement market. The DOL’s stated objective of the proposed rule is to mitigate conflicts of interest that exist between firms, advisors and their clients and to address concerns that firms and advisors are incentivized to recommend their product or service that may not be in the best interest of the customer.
Although industry participants broadly agree that the client’s best interest should be put above the interest of an advisor or firm, many caution that it’s important to understand the full impact this Rule will have on the industry and retirement ecosystem before moving forward.
Originally Posted at LifeHealthPro on January 8, 2016 by BEN YAHR, JUSTIN SINGER, DAN BENDER, RANJIT JASWAL.
Categories: Industry Articles
