Full Coverage of Dept. of Labors Fiduciary Hearings

August 11, 2015, 1:56 p.m. EDT 2 Min Read

The Labor Department is holding hearings this week on its proposal to impose fiduciary requirements on retirement advisors -- the latest phase of its contentious process to craft new rules on consumer financial protections. Throughout the week, Labor will hear from some 25 investor advocates, academics and representatives of various industry sectors that would be affected by the fiduciary rules, which the department says are necessary to protect retirement investors from conflicted advice that might not be in their best interest.

SourceMedias Financial Planning, On Wall Street, Employee Benefit Adviser and Employee Benefit News are covering the hearings. Complete, ongoing coverage along with commentary from their expert contributors can be found here:

Exclusive: 'We are Absolutely Not Banning Commissions,' Says DoL Fiduciary Hearing Chief

August 17, 2015

The government aims to reduce the "magnitude of the injury" to clients from conflicted advice, Timothy Hauser, the offiicial who chaired the hearings on Capitol Hill, tells Financial Planning.

DoL Fiduciary Hearings in 11 Key Quotes

August 13, 2015

The Labor Department's fiduciary hearings featured more than 70 experts and about 40 hours of testimony. Here's what you missed.

'Is it Naive' to Permit Commission Sales? DoL Official Asks at Fiduciary Hearing

August 13, 2015

A "cautionary" note on the third day of hearings after DoL officials quiz industry attorney in the slippery task of trying to ascertain details of common commission sales.

DoL Fiduciary Standard: Here's What's Next

August 13, 2015

"When you put this in the context of rule changes that have occurred since the financial crisis, this would rank at the top," notes James Allen, CEO of Hilliard Lyons.

DoL Hearings Delve Into Tales of Investor Woes and Advisor Fears

August 12, 2015

Critics: DoL fiduciary rule would harm investors; Advocates: Americans' "retirement savings are being depleted by conflicts of interest every day."

Does DoL Fiduciary Rule Favor Fee-Based Brokers?

August 12, 2015

The DoLs proposed fiduciary rule would likely push some commission-based brokers out of the retirement market altogether, NAIFAs JuIi McNeely testified during the second day of DoL hearings on the proposed rule.

Industry Reps Warn DoL Fiduciary Rule Will Gut Retirement Advice

August 11, 2015

Brokerage industry leaders told Labor officials that the plan's contract requirements will compel them to drop less-affluent clients who want to retire.

Industry Making A Last Gasp Effort for Revisions to DoL Fiduciary Rule

August 10, 2015

In its first day of hearings about the proposed fiduciary rule, the DoL has heard testimony from advisors, legal experts and other industry representatives many seeking revisions to minimize the burden of the rules future implementation.