Published 12 days ago

Labor Department issues rule to crack down on bad retirement savings advice

The U.S. Department of Labor issued a final 'fiduciary' rule to raise investment-advice standards in retirement accounts.
The Biden administration's new rule targets investment advice in retirement accounts from advisors, brokers, and insurance agents.
The rule expands when advisors must act as a fiduciary, putting the client first.

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The Washington Post

White House calls on pension funds to adopt stronger labor standards

Five major pension funds have already committed more than $1 trillion in capital requiring robust labor standards in private-equity investments.

13 days ago

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CNBC

Labor Department issues rule to crack down on bad retirement savings advice

The Biden administration issued a final "fiduciary" rule that aims to rein in conflicts of interest that officials say erode Americans' savings.

12 days ago·United States

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The Hill

Labor Department cracking down on retirement savings advice

The Labor Department will be cracking down on retirement savings advice to safeguard workers’ interests, the Biden administration announced Tuesday. The Labor Department announced that it has finalized its Retirement Security Rule, which aims to protect American workers who are saving for retirement and relying on advice from fiduciaries for it. The new rule will update the…

12 days ago·Washington, United States

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Bloomberg

Biden’s 401(k) Advice Rule Finalized Over Wall Street Objections

The US Labor Department has released a closely watched rule that will expand strict fiduciary standards of conduct to cover more retirement plan advisers, and has already drawn ire from Wall Street.

12 days ago·United States

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Wall Street Journal

Advisers on Trillions in IRAs Must Now Put Your Interest First

Americans will get new protections for the trillions of dollars that moved out of their 401(k)s and into individual retirement accounts, under Labor Department regulations released Tuesday.

12 days ago·New York, United States

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