Fiduciary Rule in Limbo


Joseph Urwitz suggested that the new Congress and President may overhaul, eliminate or at the very least delay implementation of the Department of Labor’s retirement plan fiduciary rule, but he added that “completely eliminating it could be tricky, as many major financial institutions most affected by its changes have already begun updating their systems and documents in light of its soon-approaching April 10, 2017 applicability date.”