A new rule has been introduced to update the fiduciary standard for retirement investment advice, impacting financial professionals who must now adhere to stricter guidelines. This regulation aims to protect consumers by ensuring that advisors act in their clients’ best interests when providing retirement investment advice.
Key elements of the rule include:
– Updated fiduciary standard for retirement investment advice
– Requirement for financial professionals to adhere to stricter guidelines
– Focus on protecting consumers’ best interests in retirement investment decisions
You can read this full article at: https://www.housingwire.com/articles/labor-department-announces-new-rule-to-shield-retirement-savings/(subscription required)
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