A survey of retirement advisors representing all advice distribution channels reveals about half expect the Department of Labor’s finalized fiduciary rule will help their businesses, according to Pioneer Investments, a provider of mutual funds and annuity products.
That’s a marked improvement in sentiment for the rule from last year, when Pioneer found that only 27 percent of advisors expected to benefit from the rule.
Those advisors now bullish on the rule said the regulation will help level the playing field on advice by eliminating competition from those not willing to accept the fiduciary requirements insisted on in the final rule.
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