Here we go again!

January 2, 2024 by John Hilton

With the Nov. 3 publication of the Retirement Security Rule, the Department of Labor embarked on its latest Sisyphean quest to extend fiduciary duty to annuity sellers.

Regulators are expected to spend much of 2024 pushing the metaphorical boulder up the hill to get the rule on the books before the November presidential election.

It remains to be seen whether the rock — or rather, the rule — will ever stay in place. 

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Originally Posted at InsuranceNewsNet on January 1, 2023 by John Hilton.