Rumors circulating within the financial services industry thatthe Department of Labor is considering delaying the fiduciary rule’s effective date are largelyunsubstantiated, according to Brad Campbell, an attorney in theEmployee Benefits and Executive Compensation Practice Group withDrinker Biddle.
“DOL has said nothing officially, and I’ve heard nothingunofficially about whether it would decide to extend the deadline,”said Campbell, addressing an audience of advisors and industrystakeholders in a recent webinar he co-hosted with Fred Reish,chair of Drinker Biddle’s Financial Services ERISA team.
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