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Planadviser

Retirement Industry Weighs In On Trump’s Fiduciary Rule Delay

By Lee Barney

In its comment letter, Betterment says that the financial industry has long put its own interests ahead of the investors it serves—costing individuals billions of dollars in fees and lost performance. Betterment says the DOL should not delay the new rule’s scheduled implementation on April 10, “as DOL has significantly adjusted its initial proposal to accommodate the industry’s concerns, and the industry has had nearly a year to prepare for the rule’s implementation.”

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This article originally published March 14th, 2017 on Planadviser

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