Analysts: DOL rollover ruling ‘a big deal,’ but don’t get carried away

February 22, 2023 by John Hilton

Monday’s federal court ruling tossing out a portion of the Department of Labor’s advice rule governing rollovers is “a big deal,” a leading analyst said Thursday.

But it is also just one step in a very long process, added Bradford P. Campbell, partner at Faegre Drinker Biddle & Reath.

“I think the answer is not, ‘Hey everyone, DOL’s interpretation is dead. Don’t worry about it anymore.’ That’s not what’s happening,” Campbell said during a Thursday webinar.

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Originally Posted at InsuranceNewsNet on February 17, 2023 by John Hilton.