U.S. Reins In Advice-Givers On Retirement.

The article reports on the regulations issued by the U.S. Labor Department on April 6, 2016 requiring financial advisers and brokers of individual retirement and 401 (k) accounts to act in the best interests of their clients. Topics include the expected shift of retirement funds to lower-cost investments, the assumption of consumers that firms and individuals investing their money are obliged to provide the very best advice and the conflict-of-interest rule for tax-advantage retirement funds.