Critics Take Aim at New DOL Fiduciary Rule

November 6, 2023 by Melanie Waddell

While the much-anticipated new fiduciary rule released Tuesday by the Labor Department received applause from industry groups and some lawmakers, the proposal is not without its critics.

Some predict Labor’s new plan, the Retirement Security Rule: Definition of an Investment Advice Fiduciary, will face legal challenges as its predecessor rule did.

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Originally Posted at Think Advisor on November 1, 2023 by Melanie Waddell.