ACTION ALERT & Resources on DOL’s Fiduciary 3.0 Rule
November 14, 2023 by Finseca
On October 31, the DOL introduced its third attempt at a new fiduciary rule jeopardizing the retirement security of the people it is intended to help. Americans need holistic financial advice that includes a combination of life insurance, investments, and annuities, as proven by Ernst and Young.
We need you to take action now to tell lawmakers their help is needed.
Fiduciary 3.0 is offensive to the work of this noble profession. Commissions are not junk fees. Americans benefit from choice in how they access/pay for financial advice, and one size does not fit all. Additionally, retirement savers are more protected now than in 2015 due to the implementation of Reg BI and 40 states adopting NAIC’s model regulation. Existing state regulation is not inadequate, as DOL suggests.