DOL Not Backing Down From Fiduciary Rule, Analysts Say

April 11, 2017 by John Hilton

While the Department of Labor delayed the controversial Obama-crafted fiduciary rule for 60 days, it also expressed surprising support for the regulation.

“The DOL clearly does not back down from the Fiduciary Rule and exemptions as a general matter,” wrote Drinker Biddle & Reath in a client alert.

The 60-delay was published Friday in the Federal Register and moved the fiduciary rule “applicability date” from April 10 to June 9. The election of regulation foe Donald J. Trump was thought to mean the end of the fiduciary rule.

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Originally Posted at InsuranceNewsNet on April 10, 2017 by John Hilton.