Shouldn’t our financial advisers be legally required to put our interests before their own? The rule, which is due to come into effect on 10 April, is an Obama administration measure intended to protect Americans’ retirement money from conflicted advice from financial advisers. Facebook Twitter Pinterest Anthony Scaramucci, nominated as Trump’s small business adviser, has called the fiduciary rule ‘an attempt to put financial advisers out of work’. He accused the DOL “of judging what should happen in a free market and attempting to put financial advisers out of work”. It has spent months putting in place policies, procedures and technology in anticipation of the new DOL rules.

Source: The Guardian February 05, 2017 12:00 UTC