The Biden Administration has released a proposed rule that would require financial advisers, brokers, and insurance agents who sell retirement investments and advice to act in the best interest of their clients. The rule aims to protect consumers from paying excessive fees and ensure that retirement investors receive quality advice regardless of the product or service. While there are already fiduciary rules in place, they do not cover all types of investment products or transactions. The proposed rule seeks to eliminate situations where clients are sold high-cost annuities that are not suitable for their needs. It is expected that there will be pushback from the industry, but the Department of Labor believes that the proposed rule will provide consistent protection for all retirement savers. The rule will undergo a 60-day period for public comment before any revisions are made.
Подпишитесь на нашу рассылку и получайте информацию о выходе новых статей, информацию об эксклюзивных скидках и другое
Или же подпишитесь на наш Telegram, чтоб всегда быть в курсе наших новостей.