Next president might control fate of DOL fiduciary rule, analysts say

August 23, 2024 by John Hilton

The race for the White House is heating up, with Donald Trump and Kamala Harris trading soundbites on hot-button issues from immigration to taxes to the economy in general.

Another issue that likely won’t make any of the seemingly endless hours of political commercials to come before Nov. 5, but an issue whose fate likely rests with the winner, is the Department of Labor Retirement Security Rule.

In late July, a pair of Texas judges issued similar stays freezing the RSR, which establishes a fiduciary duty for nearly all annuity sales. 

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Originally Posted at InsuranceNewsNet on August 22, 2024 by John Hilton.