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DOL's Fiduciary Rule May Take a Year or Two More

Friday, Jun 20 2014
Regulatory & Compliance
Written by  PFA News

The Department of Labor’s fiduciary rule, which is expected to be proposed in January, may not be finalized until 2016 or later. So reports Benefitspro.

Steve Saxon, chairman of the Groom Law Group, says a six-month comment period starting after the rule is proposed and a subsequent six month period of hearings would extend the process until 2016, but since that year is an election year, the process may be delayed even longer.

Read the full article from Benefitspro.

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