Panel: Fiduciary rule likely to be delayed, not repealed

The Labor Department is likely to further postpone full enforcement of its new fiduciary rule, but that doesn't mean the agency will drop it entirely, members of a panel convened by The American College of Financial Services agreed. When the Labor Department finishes its review, it could revise its prohibited transactions exemptions to be more compatible with the financial products that are on the market, said Jamie Hopkins, director of retirement planning at The American College.

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