The Fiduciary Rule applies mostly to private sector retirement plans, such as 401(k)s, SEPs, SIMPLEs, and 403(b) plans that fall under ERISA. The administration believes the rule is needed because conflicts of interest are causing 401(k) participants and IRA owners to pay higher fees, resulting in smaller account balances.Read More
Articles are about big issues affecting readers, individual or corporate.
The Department of Labor believes that conflicts of interest in the financial services industry are hurting individuals who have retirement plans such as 401(k), SEP, SIMPLE, and IRAs.Read More
A dispute is embroiling the financial services industry. On one side are the broker-dealers and the Chamber of Commerce. On the other are President Obama and various consumer groups. If the government wins, it will affect 401(k) plans, as well as Individual Retirement Accounts (IRAs)..Read More
By striking a balance between new protections for consumers with additional burdens on the financial services industry, Financial Advisor Tim Hayes believes the Department of Labor (DOL) hit a home run with their new retirement advice rule.Read More
Retirement plan sponsors it’s time to reconnect with financial advisors and participants. As the DOL followed through on its promise to make retirement plans more transparent with 3 new rules in 4 years.Read More
You may have seen recent media coverage regarding a new fiduciary rule approved by the U.S. Department of Labor (DOL). This regulation will affect my business and the financial industry as we work under a new set of rules and disclosure requirements but it should not dramatically impact the most important thing to me, which is my relationship with you.Read More