DOL won’t give up on push for fiduciary standard on rollovers, analysts say

May 15, 2023 by John Hilton

The Department of Labor isn’t likely to back away from pushing for tougher fiduciary standards on the sale of retirement products, a pair of experts agreed Thursday, despite significant losses in court.

The DOL is in the midst of a fiduciary rule rewrite that seemingly has no timeframe. In 2018, the Fifth Circuit Court of Appeals struck down a previous fiduciary rule published by the Obama administration.

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Originally Posted at InsuranceNewsNet on May 15, 2023 by John Hilton.