DOL To Postpone Parts Of Fiduciary Rule Until 2019
By Jack Newsham (August 9, 2017, 6:29 PM EDT) -- The U.S. Department of Labor on Wednesday told a Minnesota federal judge hearing a challenge to its fiduciary rule that the agency is planning to delay three parts of the controversial retirement savings regulation for another 18 months, with plans to implement them in July 2019.
Although parts of the rule began going into effect for brokers and investment advisers earlier this summer, other parts that were scheduled become effective in January 2018 will now be delayed even further, the DOL indicated in a court filing. (Law360) Although parts of the rule began going into effect for brokers and investment advisers...
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