In the Labor Department's proposal to delay the April 10 implementation date of the fiduciary rule by 60 days, the agency is killing two birds with one stone.
Labor has issued a 15-day comment period to determine the potential cost and benefits of delaying the rule, which it says are "highly uncertain."
But the proposal also opens a 45-day comment period for input on the new economic and legal analysis of the rule ordered by President Trump in a presidential memorandum.
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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.
