Earnings calls suggest that the retirement planning industry is still in the early stages of understanding not only how to comply with the DOL fiduciary rule, but what new costs will ultimately emerge, to providers and their clients.

Leaders of publicly traded companies that provide retirement investments, platforms, and advisory services have been peppered with questions from analysts on the Department of Labor's fiduciary rule this earnings season.

By now, most are familiar with the spirit of the rule—advisors to 401(k) plans and IRA rollovers will have to act as fiduciaries, or strictly in the best interest of participants and individual investors. Providers and advisors will have to fully comply with the new rule by January 1, 2018.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.