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Yet Another DOL Rule Delay Paves Path for Big Changes

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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.