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DOL Repeats Past Mistakes in Latest Fiduciary-Only Regulation
American Council of Life Insurers [ACLI]; National Association of Insurance and Financial Advisors [NAIFA]; Finseca; Insured Retirement Institute [IRI] and National Association for Fixed Annuities [NAFA] 
[Opinion] May 1, 2024 "The fiduciary-only regulatory package rolled out by the [DOL] last week is nothing more than a repackaging of its failed 2016 regulation ... The Department ignored clear evidence of the harm its earlier fiduciary-only approach caused retirement savers, disregarded recent enhancements to consumer protections, and discounted a federal court ruling that vacated the earlier rule." MORE >> |
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