The DOL Fiduciary Rule that was proposed on April 20, 2015 is one step closer to becoming final. Following a series of public hearings, the rule continues on a fast track and is anticipated to take effect in 2016, prior to the conclusion of the Obama administration. The proposed rule would change the definition of fiduciary and require producers to act in their clients’ best interests. Great American believes their producers already act in the best interests of their clients and the rule would prevent many middle-class Americans from receiving the retirement investment advice they need. It’s not too late to let your voice be heard. Please join the effort to stop the proposed rule from becoming final and email your comments to e-ORI@dol.gov by September 24, 2015.
Thank you for your attention to this important and time-sensitive matter.