Thrivent Files Suit Against DOL Fiduciary Rule

October 4, 2016 by John Hilton

Thrivent Financial for Lutherans filed a sixth lawsuit Thursday against the Department of Labor fiduciary rule.

Filed in U.S. District Court for the District of Minnesota, Thrivent’s 29-page lawsuit claimed the DOL rule will render its dispute resolution mechanism obsolete.

Although five other lawsuits have been filed against the fiduciary rule since June, what makes Thrivent’s suit different is that the organization takes no issue with the overall rule. The complaint specifically asks the court to overturn the class-action component.

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Originally Posted at InsuranceNewsNet on September 30, 2016 by John Hilton.