The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Fri, 08 May 2026 11:32:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Fiduciary Duty Proposal – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Fiduciary Duty Proposal https://corpgov.law.harvard.edu/2015/08/29/fiduciary-duty-proposal/?utm_source=rss&utm_medium=rss&utm_campaign=fiduciary-duty-proposal https://corpgov.law.harvard.edu/2015/08/29/fiduciary-duty-proposal/#comments Sat, 29 Aug 2015 13:35:40 +0000 https://corpgov.law.harvard.edu/?p=71420?d=20150829093540EDT Posted by Dan Ryan, PricewaterhouseCoopers LLP, on Saturday, August 29, 2015
Editor's Note:

Dan Ryan is Leader of the Financial Services Advisory Practice at PricewaterhouseCoopers LLP. This post is based on a PwC publication by Mr. Ryan, Adam Gilbert, Genevieve Gimbert, and Armen Meyer.

With fewer than 18 months left in office, President Obama has asserted that the Department of Labor’s (“DOL”) proposed fiduciary standard for retirement account advisors is a major priority. The DOL completed public hearings last week on this proposal, and we believe that the rule will be finalized early next year with the proposal’s core framework intact.

The DOL’s final rule is set to transform the competitive landscape and disrupt current business models, particularly for financial institutions that are reliant on traditional broker-dealer activities which are currently not covered by the existing Employee Retirement Income Security Act (“ERISA”) fiduciary standard.

(more…)

]]> https://corpgov.law.harvard.edu/2015/08/29/fiduciary-duty-proposal/feed/ 1