_biden-administration-implements-rule-to-ensure-fiduciary-duty-for-financial-advisors-boosting-retirement-accounts-by-up.jpg "Biden Administration Implements Rule to Ensure Fiduciary Duty for Financial Advisors, Boosting Retirement Accounts by up to 20% Over a Lifetime from higher secondary school code Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:39
👁 View: 2M times
✓ Published: 26-Apr-2024
👁 View: 2M times
✓ Published: 26-Apr-2024
Description:
The Biden administration finalized a new rule to ensure financial advisors, brokers, and insurance agents act as fiduciaries and put client interests ahead of their own. Under current rules, advisers can recommend higher-commission investments that may not be best for clients. It takes effect September 23rd and is estimated to impact around 5 million savers and boost retirement accounts by up to 20% over a lifetime. Critics warn it could make professional retirement assistance more expensive and difficult to access. Supporters say it protects investors from conflicts of interest and improper investment recommendations.
The Biden administration finalized a new rule to ensure financial advisors, brokers, and insurance agents act as fiduciaries and put client interests ahead of their own. Under current rules, advisers can recommend higher-commission investments that may not be best for clients. It takes effect September 23rd and is estimated to impact around 5 million savers and boost retirement accounts by up to 20% over a lifetime. Critics warn it could make professional retirement assistance more expensive and difficult to access. Supporters say it protects investors from conflicts of interest and improper investment recommendations.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_top-10-countries-with-most-beautiful-school-uniform-in-the-world-shorts.webp "Mighty-Facts Shorts")
_how-do-you-think-youd-fare-if-you-took-your-driving-test-today.webp "How do you think you’d fare if you took your driving test today?")
_this-coach-never-punts-the-nick-saban-of-high-school-has-his-own-reality-show-full-first-season.webp "Overtime SZN")
⏲ 3 hours 18 minutes 12 seconds 👁 6.7M
_harvards-youngest-student-to-ever-get-accepted.webp "Mahad Khan")
_analysts-predict-chevron-and-exxonmobil-will-report-lower-q1-profits-despite-rising-oil-prices.webp "Chevron and ExxonMobil are expected to report lower first-quarter profits than last year despite higher oil prices. Falling natural gas prices and lower refining margins impacted the oil majors' results. Natural gas makes up about a third of Chevron's hydrocarbon production, and prices were down 20% year over year. Investors will watch for updates on Chevron's proposed Hess acquisition and ExxonMobil's dispute over the deal. Analysts expect oil prices to remain above $80 but profits to decline in coming quarters."){kind=icon}
⏲ 0:38 👁 1.6M
_bitcoin-ether-prices-dip-as-stagflation-weighs-on-investors.webp "Bitcoin and Ether prices declined as Asian markets opened on Monday, falling around 2 to 3% amid renewed worries about stagflation in the US economy. Slower-than-expected first quarter GDP growth and persistently high inflation data have increased fears of a stagflationary environment. Traders are weighing inflation, growth, and Fed policy risks against the potential for Treasury interventions to inject funds into markets. Most bets still favor no Fed rate cuts this year, but the odds of a single cut are creeping higher against a weakening economic picture.")
_ttps-addresses-school-violence.webp "The Trinidad and Tobago Police Service is conducting a programme geared towards addressing school violence called The Conflict Resolution Secondary School Caravan.<br/><br/>The Programme is now in its second cycle and is targeting all schools across both islands.<br/><br/>Nicole M Romany has more.")
_national-unity-ministry-to-conduct-study-ahead-of-launching-next-rukun-negara-action-plan.webp "A study will be conducted before launching the Rukun Negara Education and Appreciation action plan to turn its principles into practical actions, says Datuk Aaron Ago Dagang.<br/><br/>The National Unity Minister said the action plan will outline the mechanisms for fostering unity and patriotism through the Rukun Negara, which will also involve the Ministries for Education, Higher Education and Communications.<br/><br/>Read more at https://tinyurl.com/djd9hyz6<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
⏲ 2:56 👁 1.4M
_top-10-countries-with-most-beautiful-school-uniform-in-the-world-shorts.jpg)
_how-do-you-think-youd-fare-if-you-took-your-driving-test-today.jpg)
_this-coach-never-punts-the-nick-saban-of-high-school-has-his-own-reality-show-full-first-season.jpg)
_harvards-youngest-student-to-ever-get-accepted.jpg)
_analysts-predict-chevron-and-exxonmobil-will-report-lower-q1-profits-despite-rising-oil-prices.jpg){kind=icon}
_bitcoin-ether-prices-dip-as-stagflation-weighs-on-investors.jpg)
_ttps-addresses-school-violence.jpg)
_national-unity-ministry-to-conduct-study-ahead-of-launching-next-rukun-negara-action-plan.jpg)
![[+]](/images/menu.gif){kind=small}