Who’s a Fiduciary Now?
Here’s the most important thing that the financial and retirement worlds need to know about the Department of Labor’s proposal to revise the definition of “fiduciary”: Stop panicking.
Fran Hawthorne
December 17, 2025
United States Labor Secretary Elaine L. Chao speaks during a year end briefing held at the Department of The Treasury in Washington, D.C. on Wednesday, December 14, 2005. U.S. Treasury Secretary John Snow said the U.S. economy will grow by as much as 4 percent in 2006. Photographer: Chris Kleponis/Bloomberg News
CHRIS KLEPONIS/Bloomberg News
