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Obama Administration Wants to Regulate the Advice We Get From Retirement Planners
Now, it appears the Obama administration wants to control the advice we can get from retirement planners. The administration announced it is moving ahead with a new Department of Labor rule designed to provide uniform fiduciary rules for anyone providing retirement investment advice. In general, a fiduciary standard requires financial advisers to put their individual client’s interests above their own. Although, this idea seems simple, there is a real danger to imposing a one-size-fits-all approach on an extremely diverse set of financial advisers. Read More…
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