Consistent speculation that the Trump administration will delay the April 10 implementation date for the Labor Department’s fiduciary rule may be encouraging record-keepers to pause compliance outreach to defined contribution advisor specialists.
New data from Cogent Reports, a division of Market Strategies International, shows about half of defined contribution advisor specialists don’t feel they are getting adequate compliance support from record-keepers.
“It’s clear that advisors are looking for support from service providers,” said Sonia Sharigian, senior product manager of syndicated research at Cogent and author of two studies that explore the fiduciary rule’s impacts on DC advisors and participants.
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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.
