DOL fiduciary rule comments number 14,000+ as opposing views harden
Federal regulators are releasing a steady trickle of the more than 14,000 public comments on the Department of Labor’s contentious fiduciary rule proposal.
Trade groups: keep life insurance out of Mass. proposal banning ‘junk fees’
The Massachusetts AG is proposing regulations to prohibit hidden “junk fees,” but trade associations say life insurance and annuities need to be exempted.
What’s next for the Department of Labor fiduciary rule proposal?
Now that the Department of Labor’s two-day public hearing is over, Jan. 2 is the next big date for its controversial fiduciary rule proposal.
CFP Board reminds advisors of the differences between fiduciary and best interest
As more states rush to adopt best-interest annuity sales standards, the Certified Financial Planner Board of Standards is reminding members that it has a higher standard.
DOL officials push redefinition of ‘trust and confidence’ in fiduciary hearing clash
Department of Labor officials potentially previewed its legal strategy during a pointed exchange Wednesday morning over the details of its controversial fiduciary rule proposal.
DOL fiduciary rule ‘unnecessary’ and ‘likely to be vacated,’ speaker says
Department of Labor officials kicked off a two-day public hearing with lavish praise and withering criticism of its polarizing fiduciary rule package.
DOL receives over 4k comments on fiduciary rule as public hearing looms
The Department of Labor (DOL) is readying for an avalanche of industry criticism on its fiduciary rule proposal during a two-day public hearing that kicks off Tuesday.
DPL hits $2B in commission-free annuity sales driven by fiduciary advisors
The increasing prevalence of fiduciary business models among financial advisors is proving to be a tailwind for commission-free annuities.
Iowa commissioner: DOL regulators ‘misunderstand’ state annuity rules
Iowa Insurance Commissioner Doug Ommen encouraged his colleagues to craft a pointed comment letter to the Department of Labor to set the record straight on its fiduciary proposal.
DOL fiduciary proposal applies ‘major hammer’ to bad advice, panel says
A closer look at the 494-page fiduciary rule reveals the potential for severe penalties for any failure to adhere to the fiduciary standards, say lawyers from Groom Law Group.
Public hearing date set for DOL fiduciary rule; House GOP rallies in opposition
The Department of Labor denied a request for an extension of a public comment period for its controversial fiduciary rule package. A public hearing will be held next month.
How captive and independent agents are affected by the DOL rule
The new DOL fiduciary rule is 500 pages. The biggest fight will come down to how agents – independent and captive agents – are regulated.
Labor Department sets comment schedule for new fiduciary proposal
The Department of Labor is accepting comments on its new fiduciary proposal through Jan. 2, 2024 and plans a public hearing soon.
Rollovers, exemption 84-24 among areas targeted in new fiduciary rule
The Department of Labor unveiled nearly 500 pages worth of new fiduciary rulemaking today and, at first glance, industry trade…
All eyes on the DOL fiduciary rewrite
As the industry prepares for another fiduciary rule, it’s worth reviewing the exemptions that are likely to change how business is conducted.
Biden Labor Department taking direct aim at FIAs in new fiduciary rule
Federal regulators are taking yet another crack at extending a fiduciary rule to annuity sales, this time with tighter messaging and full-throated White House backing.
