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WASHINGTON — The White House on Tuesday announced that the Department of Labor will propose a new rule that aims to protect retirement security and combat junk fees.. If finalized, the rule ...
The Department of Labor’s proposal aims to close governance loopholes and require financial advisers to give retirement advice in the best interests of ... New rule to protect retirement security.
On April 23, the Department of Labor announced it had finalized its Retirement Security rule to "protect the millions of workers who are saving for retirement diligently and rely on advice from...
"The regulation closes the loophole for one-time advice," said the U.S. Department of Labor Fact Sheet. The Retirement Security Rule broadens the definition of a fiduciary to include any financial ...
A U.S. judge has blocked a Department of Labor rule from taking effect that would have expanded the types of retirement advisers who are considered fiduciaries, finding the rule was arbitrary and ...
The Department of Labor (DOL) announced in April that it had finalized its retirement security rule to "protect the millions of workers who are saving for retirement diligently and rely on advice ...
Morningstar, Inc. estimates that participants in workplace retirement plans could save as much as $55 billion in the coming ten years thanks to the Retirement Security Rule.
The new rule, introduced by the Department of Labor last fall, expands to include advisors and brokers who give one-time advice to savers rolling those employer-sponsored assets into an IRA or ...