Analysts: DOL Rule Could Be Pushed Out to 2020

July 25, 2017 by John Hilton

One possible scenario has the Department of Labor delaying the phase two effective date of its fiduciary rule by one year, and giving financial services a year beyond that to comply.

That would push the effective date from Jan. 1, 2018 to Jan. 1, 2020. Bradford P. Campbell, counsel at Drinker Biddle & Reath, agreed the timeline seems plausible.

“I think that is a reasonable time to gather the data and do the review work that the president has ordered,” Campbell said during a webcast today. “A year is sort of the minimum that you would need to be able to do all that work.”

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Originally Posted at InsuranceNewsNet on July 20, 2017 by John Hilton.