The Financial Services ERISA team April 6 client alert was featured in an InsuranceNewsNet article titled, “DOL Not Backing Down From Fiduciary Rule, Analysts Say.” The article highlighted some the of alert’s key takeaways, including the DOL’s continued support of the regulation, despite the 60-day delay.

The team’s alert, “Fiduciary Rule Delayed – But It's Not Entirely What Was Expected,” notes that the DOL essentially confirmed that the new definition of fiduciary advice and the “best interest” standard of conduct will apply on or after June 9, even while it continues to review the rule and decide how to proceed.

Many speculated that the DOL would continue to delay the regulation, and while it has modified some of its of most contentious aspects, analysts now say a fiduciary rule is likely. The delay gives firms another 60 days to complete their compliance steps.

Read “DOL Not Backing Down From Fiduciary Rule, Analysts Say.”
Read “Fiduciary Rule Delayed – But It's Not Entirely What Was Expected.”

Source: InsuranceNewsNet