FYI: The latest big change to rules governing retirement savings came out last week, and while it’s a big step in the right direction, the one thing we can be sure it will not eliminate is bad, expensive mutual funds being available in savings plans.
The Department of Labor came out with its long-awaited fiduciary rule for retirement advice, seeking to ensure that any person who gets paid to provide investment advice to a plan sponsor, plan participant or an IRA owner making an investment decision must put the best interest of their clients first.
Regards,
Ted
http://www.marketwatch.com/story/new-fiduciary-rule-is-a-step-in-the-right-direction-2015-04-20/print
