For the time being, proceedings in the lawsuits against the Department of Labor's fiduciary rule will continue as scheduled, in spite of Donald Trump's unexpected victory in Tuesday's presidential election.

This is according to two Employee Retirement Income Security Act experts.

The Trump victory has called into question whether his administration will seek to stay and dismantle the fiduciary rule, which requires all advisors to IRAs and 401(k) plans with fewer than $50 million in assets to serve as fiduciaries.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.