(Harvest) In January, the Department of Labor (DOL) delivered its final fiduciary rule to the Office of Management and Budget for review. Also known as the Conflict of Interest rule, it updates the standards by which advisors to retirement plans operate and requires them to put their clients’ best interests before their own profits. The DOL rule is expected to be released publicly as early as March. If it moves forward, it will likely be effective before the end of the year.
10 Questions for Asset Managers Prepping for the DOL Fiduciary Rule
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