DOL Proposes 18-Month Delay of Fiduciary Rule

August 10, 2017

The U.S. Department of Labor has proposed delaying the applicability date of key provisions of the DOL fiduciary rule for 18 months, from January 1, 2018 to July 1, 2019. The proposal is under review by the Office of Management and Budget.   “NAIFA welcomes the DOL’s decision to seek a delay of the fiduciary rule applicability dates and extension of the transition period,” said NAIFA CEO Kevin Mayeux. “There is so much at stake for everyday Americans investing for retirement who rely on t...

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NAIFA, Industry Allies Continue Challenge to DOL Fiduciary Rule

August 1, 2017

By Michael E. Gerber, NAIFA COO and General Counsel   On July 31, NAIFA’s ongoing legal battle against the DOL fiduciary rule was argued in the federal 5 th Circuit Court of Appeals in New Orleans. In June 2016, NAIFA, NAIFA-Texas, and five NAIFA local associations in Texas (from Amarillo, Dallas, Fort-Worth, Great-Southwest, and Wichita Falls), joined the American Council of Life Insurers (ACLI) in challenging the DOL fiduciary rule because of grave concerns that the rule will – and...