DOL fiduciary rule would bring ‘massive change’ to industry, analyst says
January 29, 2024 by John Hilton
While the Department of Labor’s fiduciary rule proposal might be a long way from becoming settled law, it brings the potential for “massive” change to the industry, a labor lawyer said Thursday.
May to June is the likely timeframe for publication of the final fiduciary rule, said Tom Roberts and Michael Kreps, principals with Groom Law Group in Washington, D.C.
The scope of change the rule would bring will impact everyone from the street agent to the insurance company CEO, they said.