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The New DOL Fiduciary Rule

By Charles B. Blanton, Jr.
August 01, 2017

The Department of Labor's Fiduciary Rule became effective on June 9th, 2017, and is in a transition period to take full effect on Jan. 1, 2018. Since the rule was introduced in April of 2015, it has faced debate from both sides of the argument: was it needed or not needed? Now that it is in place and active at least in some capacity, what does it mean to retirement plans, retirement plan sponsors, retirement plan participants, investors and financial advisers?

While there are many items and complexities to the new rule, this article focuses on the basic premise of why the rule was developed and adopted and the effect on the retirement landscape and the players involved.

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