DOL Rule Generates Flood of Comments, Petitions

March 28, 2017 by John Hilton

The Department of Labor is expected to publish a 60-delay of its fiduciary rule in the Federal Register any day now.

That will push the looming April 10 “applicability date” to June 9. But many industry analysts say the DOL will use the extra time to undo many of the fiduciary rule measures, or implement another delay.

The impending delay was accompanied by a 15-day public comment period as required by the Administrative Procedures Act. The DOL reported 1,001 individual comments received during the period, which closed March 17.

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Originally Posted at InsuranceNewsNet on March 27, 2017 by John Hilton.