DOL Extends Fiduciary Rule Compliance Date, Including Rollover Advice
October 26, 2021 by Melanie Waddell
Bowing to industry pressure, the Labor Department on Monday extended the non-enforcement policy on its fiduciary rule to Jan. 31.
Also, Labor “further extended the requirement for providing the ‘specific reasons’ that justify a rollover recommendation” until June 30, explained Fred Reish, partner at Faegre Drinker’s Los Angeles office, in a Monday email to ThinkAdvisor.
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Originally Posted at ThinkAdvisor on October 25, 2021 by Melanie Waddell.
Categories: Industry Articles