Perez: DOL Still Reviewing Fiduciary Rule Draft, ‘Misaligned Incentives’

March 18, 2016

MARCH 17, 2016 |

Labor Department Secretary Tom Perez said Thursday the agency is still reviewing the final draft of the proposed fiduciary rule for retirement plan advisors.

He would not predict when it would be publicly released. It is expected to come out in the next several weeks.

The rule would require advisors to put their clients’ financial interests above their own. Perez said the agency is working to make the rule enforceable.

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