Financial Planning Coalition Statement on the Reintroduced U.S. Department of Labor Investment Advice Rule

On June 29, 2020, The Financial Planning Coalition issued a statement regarding the U.S. Department of Labor’s proposed ‘Investment Advice Rule’, in which the Coalition continues to call for an unambiguous fiduciary standard to apply to all persons who provide advice to retirement plan investors. 

The Financial Planning Coalition will review the ‘Investment Advice Rule,’ engage a range of stakeholders to assess the efficacy of the Rule and provide comments on the proposal to DOL prior to the conclusion of the 30-day comment period.

Read full statement here.