DOL Rule Causing Ripple Effect In Retirement Industry

September 27, 2016 by Richmond Times- Dispatch (VA)

Proposed rules regarding retirement savings are creating jitters in the financial services industry – and they will affect retirement planning for years, financial advisers and consultants say.

“Any practice handling individual retirement accounts will be affected significantly by this,” said Evan Fabricant, incoming president of the Richmond chapter of the Society of Financial Service Professionals.

The proposed rules by the Department of Labor are scheduled to take effect April 10, 2017, with some provisions implemented by January 2018.

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Originally Posted at InsuranceNewsNet on September 26, 2016 by Richmond Times- Dispatch (VA).