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Retirement Pros Sound Off On DOL’s New Fiduciary Rule

Of Counsel Michelle Capezza spoke to Fiduciary News on the Department of Labor’s latest attempt to rewrite its newest fiduciary rule.

Michelle said, “The newly proposed fiduciary rule released on October 31, 2023 is another effort to revise these rules, which is intended for the benefit of retirement investors which are akin to a protected investor class… In essence, under these rules, the ‘regular basis’ concept of providing advice is from the perspective of the advisor’s regular business of providing investment advice for a fee to employee benefit plans and IRAs as opposed to its relationship with the particular retirement investor.”


Fiduciary News