The Labor Department has already received more than 80 comments following last week’s publication of a proposed 60-day delay of the fiduciary rule’s April 10 implementation date.
In proposing the delay, Labor opened up a 15-day comment period specific to the cost benefits of delaying the implementation date. It also opened up a 45-day comment period to solicit input regarding the new economic and legal analysis of the rule ordered by a Presidential Memorandum.
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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.
