Page 33 - DCAC November 2024 Files

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Fiduciary Topics & Trends Retirement Security Rule In April 2024, just months before ERISA would turn 50, the Department of Labor issued updated fiduciary regulations, known as Retirement Security Rule. Intent of the Rule • Expand protections for American’s retirement accounts by requiring that financial professionals act in investors’ best • interest. Update the original DOL fiduciary rule, which included a five