What's Coming in 2015?

The debate over the DOL's expanded fiduciary standard is expected to heat up in January, and the incoming chair of the Senate HELP committee expects to make his voice heard.  According to ThinkAdvisor, Hatch wants the DOL to slow down.

Key point:

Hatch’s SAFE Act prevents DOL from “over-regulating IRA investment advice,” and would restore jurisdiction for IRA prohibited transaction rules to the Treasury Department and also requires Treasury to consult with the Securities and Exchange Commission in prescribing rules relating to the professional standards of care owed by brokers and investment advisors to IRA owners.