Back To The Future, Part ?

August 5, 2020 by John Hilton

The long, winding saga of the Department of Labor’s quest to update investment advice rules took another turn recently that can be fairly described as “Back to the Future.”

As expected, the Trump administration pushed out new advice rules that substantially return the industry to a pre-2016 regulatory environment — with a twist. The underlying standard will again be the Employee Retirement Income Security Act “five-part test” developed in 1975.

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Originally Posted at InsuranceNewsNet on August 1, 2020 by John Hilton.