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    • All Eyes on Acosta as DOL Rule Clock Winds Down

    May 15, 2017 by John Hilton

    If changes to the Department of Labor fiduciary rule are not made soon, the chances of any concessions go down sharply, industry officials say.

    The main thrust of the rule – that anyone working with retirement dollars adhere to a fiduciary standard – is scheduled to take effect June 9. Industry representatives are furiously lobbying the DOL for another delay.

    Opponents are pinning their hopes for an 11th hour reprieve from new Labor Secretary Alexander Acosta, who was finally sworn in April 28.

    Click HERE to view the full story via INN: subscription required.

    Originally Posted at InsuranceNewsNet on May 12, 2017 by John Hilton.

    Categories: Industry Articles
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