How DOL questions foreshadow fiduciary rule’s future

July 11, 2017 by Mark Schoeff Jr.

The fate of the remaining parts of the Labor Department’s fiduciary rule are foreshadowed in the types of questions the agency is asking in the request for information it recently released.

The queries indicate that the agency likely will streamline the regulation — which requires financial advisers to act in the best interests of their clients in retirement accounts — in response to President Donald J. Trump’s directive to reassess the rule.

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Originally Posted at InvestmentNews on July 10, 2017 by Mark Schoeff Jr..