U.S. Plans Stiffer Rules Protecting Retiree Cash

2015-04-16T18:44:32-07:00April 16th, 2015|Categories: Retirement|Tags: , , |

Federal regulators on Tuesday proposed rules, more than four years in the making, to provide greater consumer protection for retirement savings, requiring a broader group of investment professionals to act in their customers’ best interests when handling their retirement money. The financial services industry can be a minefield for ordinary investors, who often cannot tell whether their advisers are putting the investors’ interests first; the legal term for this is fiduciary duty. The rules, proposed by the Labor Department, which oversees retirement accounts, are [...]