How The DOL Fiduciary Rule Changed Norms

July 10, 2018 by John Hilton

The Department of Labor fiduciary rule might be history, but many financial professionals will continue to feel the effects of its rules for some time to come.

They will feel that impact in two ways: from the changing norms fueled by the three-year interaction with the DOL rule; and from lingering department guidance that lives on.

Let’s tackle the lingering guidance first. Field Assistance Bulletin 2018-02 was issued May 7 to clear up confusion among agents and advisors. At that point, the DOL rule remained in effect with no clear resolution.

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Originally Posted at InsuranceNewsNet on July 4, 2018 by John Hilton.