Regulatory & Compliance | 11.28.22

DOL Turns its Focus to Next Iteration of Investment Advice Reg

by: Mark Schoeff Jr.

Now that the U.S. Department of Labor (DOL) has issued a final rule on sustainable investing in retirement accounts, financial advisors are waiting for the agency to revisit its investment advice regulation. The rule likely will expand the definition of who is a fiduciary to retirement savers. The current DOL regulatory agenda indicates a proposed rule will come out in December, but that deadline is expected to be pushed into next year when the agenda is updated. A revised agenda is expected soon.

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