DOL Removes FAQs on Fiduciary Rule from Its Website

With the DOL Fiduciary Rule already delayed until June 9 at the earliest, and with the rule's content and direction under review, the Department of Labor has quietly removed its FAQs titled "CONSUMER PROTECTIONS FOR RETIREMENT INVESTORS – FAQS ON YOUR RIGHTS AND FINANCIAL ADVISERS." The FAQs were just published in January 2017. Some sites still carry copies of the frequently asked questions (FAQs) on the rule. You can find the FAQs published here. The Fiduciary Rule, which was originally scheduled to take effect on April 10 before being delayed at President Trump's request, makes those who sell retirement plans responsible as fiduciaries, meaning they have to put the best interest of their clients first rather than selling the most profitable-to-them investing products.