As the Office of Management and Budget considers a proposed 18-month delay of the fiduciary rule by the Labor Department, some in industry are holding out hope that the rule will be rescinded, if not gutted to the point of effective extinction.
Neither is likely, says Aron Szapiro, director of policy research at Morningstar.
“I’ve been saying that since last year’s election,” Szapiro told BenefitsPRO. “And I’m more confident in that belief now than ever.”
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