A prominent fiduciary expert is predicting that the January 1,2018 scheduled compliance date for the Labor Department’s fiduciary rule’s prohibited transactionexemptions will be delayed for up to a year.
Writing in a blog post, Fred Reish, chair of the financialservices ERISA Team at Drinker Biddle & Reath, said the extentof the review of the rule being undertaken by the Labor Departmentand the requirements of the Administrative Procedures Act make ithighly unlikely that a revised regulation will be finalized beforethe beginning of next year.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.