Survey finds some support for DOL fiduciary rule

November 5, 2024 by Doug Bailey

A new survey of financial professionals shows surprising and almost uniform support for the Department of Labor’s Retirement Security Rule that would require insurance brokers who provide retirement planning services be held to a fiduciary standard.

The survey of more than 230 advisors by DPL Financial Partners, fee-only advisors were more likely to strongly agree with the need for a fiduciary standard, but even hybrid RIAs and broker-dealer representatives were more likely than not to agree that a standard is needed.

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Originally Posted at InsuranceNewsNet on November 4, 2024 by Doug Bailey.