Biden-Harris administration announces rule to protect retirement savers’ interests by updating investment advice fiduciary definition
by U.S. Department of Labor (.gov)
U.S. Department of Labor (.gov)— WASHINGTON – The Biden-Harris administration announced today that the U.S. Department of Labor has finalized its Retirement Security Rule to...
U.S. Department of Labor (.gov)—Biden-Harris administration finalizes rule to increase compensation thresholds for overtime eligibility, expanding protections for millions of workers. WASHINGTON – The Biden-Harris administration today announced a final rule that expands overtime protections for millions of the nation's...
dailym.ai—Biden issues rule to clamp down on bad retirement savings advice. Clampdown means financial advisors must act in best interests of their clients. At current they may steer savers to products they receive a commission from. The rule applies to advisors offering an IRA rollover or annuities
Yahoo—Who Can You Trust for Retirement Advice? New Rules Strengthen Protections.. When you walk into a financial adviser’s office, you expect them to put your best interests above all else — in the same way a doctor would, rather than, say, a car salesperson. But many people don’t realize that the rules financial professionals must follow vary, depending on where they work and what products they’re selling. One of those federal regulations, which governs retirement plans, was just tightened: The Biden administration announced new rules Tuesday that will require more...