In the News

Title

Best-interest contract could be casualty of DOL fiduciary rule delay

Document Type

Article

Publication Date

8-15-2017

Abstract

The part of the Labor Department's fiduciary rule that has heartened supporters and caused heartburn for opponents, the best-interest contract, could become a casualty of the ongoing reassessment of the rule.

The DOL said last week in a court filing in a lawsuit over the regulation that it is seeking an 18-month delay in the implementation of the remaining parts of the rule.