DOL Releases New Fiduciary Rule

​The Biden administration on Oct. 31 unveiled its new fiduciary rule that extends fiduciary standards and aims to close loopholes that some say cost retirement savers money. The proposed “Retirement Security Rule: Definition of an Investment Advice Fiduciary” would, among other things, ensure that financial advisors, brokers and insurance agents are held to the fiduciary standard on rollover IRAs.
Source: New feed 2