Analysts doubt DOL can produce a new fiduciary rule by August

June 28, 2023 by John Hilton

WASHINGTON, D.C. – The Department of Labor claims it will produce its long-awaited fiduciary rule rewrite in August. But analysts here say that is highly unlikely.

Brad Campbell, partner at Faegre Drinker Biddle & Reath, was part of a panel discussion on annuity regulation today at the National Association for Fixed Annuities’ Annuity Leadership Forum.

“I don’t think they can do it that quickly,” Campbell said of the new fiduciary rule.

Click HERE to read the full story via INN

Originally Posted at InsuranceNewsNet on June 21, 2023 by John Hilton.