Fiduciary rule delayed by 60 days
Fiduciary rule delayed by 60 days
Fiduciary rule delayed by 60 days
By Andrew Welsch – FinancialPlanning – April 5, 2016
The Department of Labor has delayed the implementation of the fiduciary rule by 60 days, according to filing in the Federal Register. The move comes after Labor Department in February proposed a delay after President Trump ordered a review. During the 15-day comment period on whether to delay implementation, the Labor Department received approximately 193,000 comments, the department says in its 63-page filing. In that deluge, wealth management firms and some advisers pushed for the rule to be postponed lest they have to make changes to client relationships multiple times.
https://www.financial-planning.com/news/fiduciary-rule-delayed-by-60-days-but-still-not-dead
