National Association of Insurance and Financial Advisors

Update: The Department of Labor (DOL) Delays Fiduciary Rule until at least January 2015

May 28, 2014

Date: May 28, 2014 Issue: Definition of “Fiduciary Advisor” for  Retirement Savers with IRA/Other Retirement Accounts under ERISA Action Taken:  On May 27, the Department of Labor announced a delay in the release of proposed regulations expected to re-define which advisors will be subject to fiduciary rules when providing guidance, education, advice and products to IRA holders and all ERISA-based retirement savings plans. The announcement was made by a change to the DOL regulatory...