Groom principal and retirement services practice co-chair, Jennifer Eller, gave insights to Pensions & Investments for their article “Fiduciary debate rises from dead, irking some.” The article goes into detail about the complicated history of the Department of Labor’s rule-making activity on fiduciary investment advice.
There’s a lot of “frustration with what appears to be the department trying to have a second bite at the apple,” said Eller. This, in reference to the 2016 regulation regulation known as the fiduciary rule that was finalized under the Obama administration, later vacated, not appealed under the Trump administration and so, subsequently, died, to later have portions reinstated and exemptions put in place.
To read the article, click here.
