Skip to Primary Navigation

Skip to main content

DOL finalizes fiduciary duty rule to weed out conflicts, bad retirement advice

Picture of a happy retirement message on a cake.
Photo: JHU Sheridan Libraries/Gado/Getty Images

Julie DiMauro

4 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

DOL’s new fiduciary rule is out and will subject many new financial planners and insurance agents to the Employee Retirement Income Security Act.

The US Department of Labor (DOL) issued a final fiduciary rule yesterday that aims to expand strict fiduciary standards of conduct to cover more retirement plan advisers. The rule has already drawn a vocal outcry from Wall Street firms, and from investment advisers to insurance and annuity providers.

The regulation

, , , ,

Get full access, free for a month

Start your 28-day free trial to continue reading and access
all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience