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DOL Fiduciary News: January 6, 2017

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DOL's Perez Urges GOP to Uphold Fiduciary, Overtime Rules

ThinkAdvisor; January 5, 2017

Labor Secretary Thomas Perez touted in his Thursday exit memo workplace policies put into place during his tenure – namely the fiduciary and overtime pay rules (which are both under assault) – and urged the incoming Trump administration and new Congress to support other Labor initiatives championed by the Obama administration.

DOL Fiduciary Rule will encourage more dialogue and closer alignment with investors 

HedgeWeek - ‎Jan 4, 2017‎

The relationship that broker-dealers and registered investment advisors have with pension investors is set to be turned on its head on 10 April 2017 when the Department of Labor introduces the DOL Fiduciary Rule. In short, what this means is that  brokers and advisors will have to demonstrate that they are acting in their clients’ best interests at all times.

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