DOL fiduciary reproposal is on track for October release

08/30/2013 | National Underwriter Life & Health

All signs indicate that the U.S. Department of Labor is sticking to a plan to make a reproposed fiduciary rule for financial advisers public in October. The fiduciary rule's "train has left the station" and is on its way to the Office of Management and Budget, says Fred Reish, partner and chairman of the financial-services Employee Retirement Income Security Act team at Drinker Biddle & Reath. "If the DOL has responded to the most important concerns of the private sector, then the reproposal could be less controversial than contemplated," he said. Learn more at SIFMA’s DOL Fiduciary Standard Resource Center.

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