Advisers have been on pins and needles anticipating a release of the Department of Labor’s sweeping final fiduciary rule governing retirement plan investment advice, and all indications are that they’ll need to wait just a little longer. But it may be much ado about nothing, and in fact, could be a positive sign.
The DOL, along with White House staffers, “are making last-minute tweaks and adjustments to try and put out a rule that will quiet the critics but still achieve their ultimate goals,” notes Tom Clark, Jr., an ERISA attorney with the Wagner Law Group.
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access