DOL’s Gomez Explains New Fiduciary Rule

October 31, 2023 by Melanie Waddell

Lisa Gomez, assistant secretary of Labor for the Employee Benefits Security Administration, said Tuesday that Labor changed the name of its upcoming new fiduciary rule to the Retirement Security rule to reflect a move forward from the 2016 Conflict of Interest rule.

“It’s the retirement security rule with respect to the definition of an investment advice fiduciary,” Gomez told ThinkAdvisor on the sidelines of the American Society of Pension Professionals & Actuaries’ annual conference in National Harbor, Maryland, just outside Washington.

Click HERE to read the full story Think Advisor

Originally Posted at Think Advisor on October 24, 2023 by Melanie Waddell.