_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 to make email account 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: 570K times
✓ Published: 26-Apr-2024
👁 View: 570K 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
Related Videos
_how-to-create-email-account-in-2024.webp "RaRe iTech")
_tiffany-haddish-secretly-taunts-her-trolls-from-a-fake-x-account.webp "Revealing how she has been bombarded with hate for years online, Tiffany Haddish said she secretly taunts her trolls from a fake X account.")
_how-to-create-an-email-account-on-iphone.webp "Payette Forward")
_how-to-make-an-e-mail-address.webp "Howcast")
_how-to-set-up-free-email-with-your-own-domain-name-2023-124-free-business-email.webp "Vic Oyedeji")
⏲ 23 minutes 13 seconds 👁 101K
_gmail-tips-how-to-create-multiple-email-addresses-in-one-gmail-account.webp "Tasia Custode")
⏲ 6 minutes 51 seconds 👁 276.8K
_consider-this-epf-flexible-account-restructuring-and-reallocation-explained.webp "EPF will launch a new Flexible Account on May 11th to give members access to a portion of their retirement savings. However the move has drawn mixed responses from the public and from experts. On this episode of #ConsiderThis Melisa Idris speaks to Balqais Yusoff, Head of the Policy and Strategy Department at EPF, who led the teams that designed the restructuring for the accumulation phase, as well as to Dr Amjad Rabi, a social security economist who is currently a visiting expert at Universiti Malaya’s Social Wellbeing Research Centre.")
_earn-362-00-per-google-email-that-you-read-worldwide-i-tried-it.webp "Kimberly Mitchell")
_how-to-create-email-account-in-2024.jpg)
_tiffany-haddish-secretly-taunts-her-trolls-from-a-fake-x-account.jpg)
_how-to-create-an-email-account-on-iphone.jpg)
_how-to-make-an-e-mail-address.jpg)
_how-to-set-up-free-email-with-your-own-domain-name-2023-124-free-business-email.jpg)
_gmail-tips-how-to-create-multiple-email-addresses-in-one-gmail-account.jpg)
_consider-this-epf-flexible-account-restructuring-and-reallocation-explained.jpg)
_earn-362-00-per-google-email-that-you-read-worldwide-i-tried-it.jpg)
![[+]](/images/menu.gif){kind=small}