In the News

Title

Yet Another DOL Rule Delay Paves Path for Big Changes

Document Type

Article

Publication Date

8-10-2017

Abstract

After months of speculation over the fate of the Department of Labor’s fiduciary rule, the regulator has now proposed pushing back the final implementation of the best-interest standard by 18 months, the Wall Street Journal writes. The delay will likely lead to a significant revamp of the rule, which purports to require retirement account advisors to put clients’ interests first, experts tell the paper.