The Fiduciary Rules Are Changing for Advisors. What Investors Need to Know.
July 16, 2024 by Lisa Scherzer
If you buy an annuity in a rollover individual retirement account a few months from now, you might get a better deal on it. That’s because your insurance agent will be required to act as a fiduciary in your best interest.
It’s just one of the changes in a new Department of Labor rule set to take effect in September. The aim is to better protect retirement investors getting investment advice.
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Originally Posted at Barron's on July 14, 2024 by Lisa Scherzer.
Categories: Industry Articles