DOL’s Perplexing ‘Best Interest’ Proposal
July 15, 2020 by Kerry Pechter
Why is the Trump Labor Dept so determined to align its Best Interest standard with the SEC’s ‘Reg BI’? It claims that such an alignment will be more efficient. But if DOL doesn’t protect participants, who will?
Does anyone understand the Department of Labor’s final proposed fiduciary rule for retirement plan advisers, which was issued last week with an invitation for comment?