The New Fiduciary Rule (4): A Relationship of Trust and Confidence
The US Department of Labor has released its package of proposed changes to the regulation defining nondiscretionary fiduciary advice and to the exemptions for conflicts and compensation for investment recommendations to retirement plans, participants (including rollovers), and IRAs. Key Takeaways The Department of Labor’s proposed fiduciary “package” includes a new definition of nondiscretionary fiduciary investment […]