August 16, 2017

Another fiduciary rule delay would cost retirement savers $10.9 billion over 30 years

Another fiduciary rule delay would cost retirement savers $10.9 billion over 30 years:

"The Trump administration’s Department of Labor is actively working to weaken or rescind the “fiduciary” rule (the rule that requires financial advisers to act in the best interest of their clients). The latest step in these efforts is a proposed 18 month delay of key provisions of the rule past their already-delayed implementation date of January 1st, 2018."