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In its solicitation for comments, Labor asked industry for input on alternatives to the BIC Exemption’s private right of action. (Photo: Getty)

Asset managers, broker dealers, record keepers, insurers, and employers will be impacted in different ways under the Labor Department’s fiduciary rule, but the stakeholders almost uniformly agree that its implementation should be further delayed.

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.

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