What we felt as the fiduciary rule faded

[Stargazer]

Living through the fall of the DOL Fiduciary Rule was like watching a tug-of-war finally snap. Some folks were eager to see it gone, claiming it never clearly defined "best interest." Meanwhile, annuity sales dipped, but experts stayed hopeful. Morningstar even predicted a comeback, expecting smoother processes and fresh product types to lead the rebound.

 

[RetirementReady]

New rules can shake things up at first, but in the long run, clearer guidelines and easier ways to comply usually help the market adjust and grow

 

[Call me Tim]

The DOL Fiduciary Rule's death was a win for sales commissions, not clients. Best interest got buried under lobbying dollars, and any rebound just means the industry found new ways to dress up old conflicts.

 

[Stargazer]

New rules can shake things up at first, but in the long run, clearer guidelines and easier ways to comply usually help the market adjust and grow

Clearer guidelines sound great on paper, but in finance they often get watered down by lobbyists. Easier compliance usually means more loopholes, not better protection for clients. Growth doesn't always equal improvement in ethics.

 

[Stargazer]

The DOL Fiduciary Rule's death was a win for sales commissions, not clients. Best interest got buried under lobbying dollars, and any rebound just means the industry found new ways to dress up old conflicts.

Exactly, removing it didn't fix the conflicts, it just made them easier to hide. The industry's rebound often means more creative marketing, not more transparency or genuine client-first practices. Ethics took the bigger hit.