Fiduciary rule poll: it's not too late

Author: | Published: 21 Sep 2017

Broker-dealers have spoken candidly about the industry-changing fiduciary rule. A majority think there is still time to roll it back and the SEC is the frontrunner to replace it

The US Department of Labor's (DoL) fiduciary standard rule has been befuddling the financial services industry for the past seven years. In its simplest form, it increases accountability for the brokers, planners and insurance agents that handle US retirement accounts. It introduces measures to ensure they act in the best interest of their clients rather than for their own financial gain.

And exactly what steps can be taken to best respond to the rule are also polarising, even though much of the market agrees with its basic principles. It is not solely the rule itself that is under fire, but the way that it has been implemented, and to an extent even the implementing agent itself.

In the words of the...


 

 

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