In a bid to "preserve the status quo," the Department of Labor has moved to delay the fiduciary rule by six months and open up a new comment period about it.

That's according to Jason Roberts, an ERISA attorney and consultant, who says he could not identify his sources for the information. Financial planning academic Ron Rhoades also confirmed the DoL move, citing anonymous sources.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access