_biden-administration-implements-rule-to-ensure-fiduciary-duty-for-financial-advisors-boosting-retirement-accounts-by-up.jpg "Biden Administration Implements Rule to Ensure Fiduciary Duty for Financial Advisors, Boosting Retirement Accounts by up to 20% Over a Lifetime from insurance online Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:39
👁 View: 435K times
✓ Published: 26-Apr-2024
👁 View: 435K times
✓ Published: 26-Apr-2024
Description:
The Biden administration finalized a new rule to ensure financial advisors, brokers, and insurance agents act as fiduciaries and put client interests ahead of their own. Under current rules, advisers can recommend higher-commission investments that may not be best for clients. It takes effect September 23rd and is estimated to impact around 5 million savers and boost retirement accounts by up to 20% over a lifetime. Critics warn it could make professional retirement assistance more expensive and difficult to access. Supporters say it protects investors from conflicts of interest and improper investment recommendations.
The Biden administration finalized a new rule to ensure financial advisors, brokers, and insurance agents act as fiduciaries and put client interests ahead of their own. Under current rules, advisers can recommend higher-commission investments that may not be best for clients. It takes effect September 23rd and is estimated to impact around 5 million savers and boost retirement accounts by up to 20% over a lifetime. Critics warn it could make professional retirement assistance more expensive and difficult to access. Supporters say it protects investors from conflicts of interest and improper investment recommendations.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
_car-insurance-explained.webp "Practical Personal Finance")
_more-insurance-companies-leave-california-because-of-wildfires.webp "As the costs to rebuild after wildfires increase, fewer companies are offering homeowners insurance in the Golden State.")
_7-things-you-should-tell-your-car-insurance-company.webp "Think Insurance")
_all-you-need-to-know-about-auto-insurance-in-6-minutes.webp "We Grow People")
_a-day-in-the-life-of-becoming-a-life-insurance-agent.webp "Life of Nolani Lasanta")
_5-ways-to-get-cheaper-car-insurance-in-2024.webp "Think Insurance")
_areas-where-its-hardest-to-book-a-driving-test-revealed.webp "Research shows a postcode lottery when vying for a slot: One Sure Insurance analysed government stats to find out which areas were worst hit and gave each place a score out of one hundred.")
_10-cheapest-car-insurance-companies-in-2024.webp "Think Insurance")
_car-insurance-explained.jpg)
_more-insurance-companies-leave-california-because-of-wildfires.jpg)
_7-things-you-should-tell-your-car-insurance-company.jpg)
_all-you-need-to-know-about-auto-insurance-in-6-minutes.jpg)
_a-day-in-the-life-of-becoming-a-life-insurance-agent.jpg)
_5-ways-to-get-cheaper-car-insurance-in-2024.jpg)
_areas-where-its-hardest-to-book-a-driving-test-revealed.jpg)
_10-cheapest-car-insurance-companies-in-2024.jpg)
![[+]](/images/menu.gif){kind=small}