Further Delay Tees Up Fiduciary Rule For Major Changes
By Carmen Germaine (August 10, 2017, 8:44 PM EDT) -- The U.S. Department of Labor's revelation Wednesday that it plans to further delay parts of its controversial fiduciary rule for retirement account advisers came in the nick of time before firms pass a point of no return in implementing the regulation, experts say, possibly setting the agency up to do away with provisions that have attracted the most industry ire.
While portions of the fiduciary rule became applicable in June, the Labor Department had delayed the compliance date for some disclosure and other requirements to Jan. 1, 2018. But the agency submitted paperwork Wednesday to the Office of Management and Budget...
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