Skip to content

DOL Fiduciary News: May 16, 2017

Please Note:

These links will take you directly to the homepage of the website that features the article.

To reach the article directly, copy and paste the article title into the search feature on the homepage of the publication website.

Fidelity's approach to DOL fiduciary rule rankles some 401(k) advisers

InvestmentNews; May 15, 2017 @ 2:20 pm

Fidelity Investments is aggravating some retirement plan advisers.

Their ire stems from changes that Fidelity, the largest record keeper of defined-contribution plans, is making to its business in relation to compliance with the Labor Department's fiduciary rule, set to take effect in about a month.

Fidelity is taking on fiduciary responsibility for both plan-level and participant-level advice in some DC plans, which itself may not seem out of the ordinary since the conflict-of-interest regulation is creating a massive shift in the way retirement plan providers operate.

The way Fidelity is going about it, though, is where there's tension.

Did you accomplish the goal of your visit to our site?

Yes No