The new Fiduciary Rule, Everence and you

What’s coming up related to this regulation

By now, you’ve probably heard about the U.S. Department of Labor’s new Fiduciary Rule (currently set to go into effect in April 2017). This regulation requires financial firms to put the interests of their clients above their own, and also lays out how financial firms must work with their clients’ retirement savings.

On Feb. 3, 2017, President Trump issued a Memorandum to the Department of Labor, requesting an examination of the Fiduciary Rule to determine if it may adversely affect the ability of Americans to gain access to retirement information and financial advice. Whether or not analysis required by the Memorandum will influence the implementation of the Fiduciary Rule is unclear at this time.

At Everence®, we have always – and will continue – to put your interests above our own, to provide you with quality service when it comes to caring for your financial needs. We may need to make some adjustments in relation to the new Fiduciary Rule if it is implemented as currently written, but hope any changes will have a minimal impact on the way we serve you. Rest assured that we will inform you if the Fiduciary Rule impacts you or your accounts.

We are committed to walking alongside you to help you meet your needs and goals along your financial journey. If you have any questions about the new Fiduciary Rule, contact your Everence representative for more information.

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Everence staff