DOL Investment Advice Rule Takes Effect — What Does That Mean?
February 17, 2021 by John Hilton
The Department of Labor’s investment advice rule takes effect today, but that does not entirely clear up the mystery of what future annuity sales rules will look like.
There are still plenty of options on the table for the Biden administration to reshape the rule — a holdover from the Trump administration. The investment advice rule itself was a replacement for the unpopular fiduciary rule published by the Obama administration.