DOL pulling a ‘deceptive’ maneuver with new fiduciary rule, analyst says

May 21, 2024 by John Hilton

The Department of Labor wrote its new Retirement Security Rule with a big focus on convincing a court that it has the authority to extend fiduciary duty to individual retirement plans.

But one prominent analyst said they have done so in a “deceptive” manner. Brad Campbell, partner at Faegre Drinker, is no fan of the new fiduciary standards and accuses the DOL of choosing to “make their litigation path smoother” over real-world rules.

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Originally Posted at InsuranceNewsNet on May 20, 2024 by John Hilton.