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    • DOL fiduciary rule in crosshairs of House, Senate resolutions

    May 21, 2024 by Courtney Degen

    A group of mostly GOP lawmakers in the House and Senate May 15 introduced resolutions to overturn the Labor Department’s new rule amending the definition of a fiduciary.

    The rule, finalized April 23, changed the test used to determine when someone is an investment advice fiduciary under ERISA. The changes make it so one-time advice, such as rollovers to IRAs or annuity purchases, must be in an investor’s best interest.

    Click HERE to read the full story via Pensions & Investments

    Originally Posted at Pensions & Investments on May 15, 2024 by Courtney Degen.

    Categories: Industry Articles
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