One of the great things about being a reporter is meeting all kinds of really smart people for all different walks of life. Fortunately, these people are kind enough to share their thoughts and opinions. This allows readers to gain the benefits of their insights and perspectives. Such was the case recently (see "What Will 2013 Bring to the World of 401k?" FiduciaryNews.com, January 8, 2013).
What amazed about that story was this: Of the four thought leaders interviewed, two agreed with the consensus that the DOL will finally issue its new Fiduciary Rule this year and two agreed the DOL would not issue a final rule on the subject. All four are close to Washington decision makers. Not one or two of them have any special "inside" knowledge. Yet, they're evenly split on the issue.
Here's what makes the matter even more interesting: The DOL has already come out and promised it would deliver a new Fiduciary Rule this year. (Contrast that to the SEC, which, although it promises to continue to look into the matter of the fiduciary standard, makes not such assurance it will actually decide on the issue anytime soon.)
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