DoL

"I expect a seismic change as product manufacturers will have to adapt to the new rule," says NextCapital's Rob Forreger.

The president makes good on his vow to kill legislation that would roll back the new regulations on retirement plans.

The question a Cetera advisor says he never wanted to get from a client: "How come this is $88,000 instead of $100,000?"

The new regulations are “arbitrary and capricious," a trade organization asserts.

Acting as a fiduciary when a client decides whether to put a company’s retirement funds in an IRA involves considering these important variables.

The U.S. Chamber of Commerce, SIFMA, FSI and other groups are asking a Texas court to vacate the Labor Department's new regulations less than a year before the rule goes into effect.

Some insiders at big brokerage firms encouraged the DoL to maintain progress. "That kept us going," Assistant Secretary of Labor Phyllis Borzi says.

“The SEC is notorious for blowing through rule-making deadlines—both congressionally mandated and self-imposed, such as this,” says Micah Hauptman, financial services counsel at the Consumer Federation of America.

The new rules were developed in consultation with the SEC, the Labor secretary adds.

There is little to fear from the final version of the Department of Labor's regulation, planners say in a new survey.