One of the featured stories on Employment Law This Week is the Department of Labor’s proposed fiduciary rule heading to the White House.
The new rule would impose stricter conflict-of-interest rules and fiduciary requirements on advisors working with retirement plans and investors. Critics of the DOL proposal have charged that it would prevent workers who cannot afford highly individualized advice from receiving basic retirement planning services. As with the EEOC, the Department of Labor is making a big regulatory push in Obama’s last year as president. Next on the horizon is the Department’s contentious overtime rule, which will most likely go into effect in July.
View the episode below or read more about the proposed overtime rule in an earlier blog post.