The obligation for advisors to provide retirement advice that puts clients’ best interests first will now kick in on June 10
Despite a new review, many changes will remain as insurers have “invested meaningful resources” in preparation, Fitch report suggests
State regulators lobby for establishing a fiduciary duty standard
Proposed extension to June 9 will give the U.S. government an opportunity to review the rule’s impact
The statement comes in the wake of a U.S. district court decision striking down an industry-led legal challenge against the DOL’s fiduciary rule
Firms will continue to take steps to comply with the regulation until Congress or the DOL take more definitive action, new Moody’s report suggests
Some big Wall Street firms are planning to move to a purely fee-based model whereas others will still allow commissions for retirement accounts
A new report suggests the costs of compliance with the fiduciary requirement could be burdensome for smaller firms
Quarterly Fidelity survey finds that advisors are also worried about interest rate hikes, portfolio management, market volatility and searching out yield and income
Although the U.S. regulator will have to act on the prospect of a uniform fiduciary duty, it’s important not to curb investors’ access to advice