Top DOL Official Sees a ‘Nonsensical’ Reality at Heart of Fiduciary Fight

October 8, 2024 by Melanie Waddell

Atop Labor Department official in charge of spearheading the new fiduciary rule, officially called the Retirement Security Rule, foresees an unlevel playing field in the retirement planning marketplace if the rule is ultimately struck down.

At the inaugural Certified Financial Planner Board of Standards Connections Conference in Washington in early October, Ali Khawar, principal deputy assistant secretary for the Employee Benefits Security Administration, laid out the reasons why the Biden Labor Department continues to fight for a fiduciary rule.

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Originally Posted at Think Advisor on October 7, 2024 by Melanie Waddell.