Rumors circulating within the financial services industry that the Department of Labor is considering delaying the fiduciary rule’s effective date are largely unsubstantiated, according to Brad Campbell, an attorney in the Employee Benefits and Executive Compensation Practice Group with Drinker Biddle.
“DOL has said nothing officially, and I’ve heard nothing unofficially about whether it would decide to extend the deadline,” said Campbell, addressing an audience of advisors and industry stakeholders in a recent webinar he co-hosted with Fred Reish, chair of Drinker Biddle’s Financial Services ERISA team.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
