5 Takeaways From the Fiduciary Rule Delay
The Department of Labor's new rules will go into effect later than planned, but the momentum toward offering holistic advice is inescapable, writes Morningstar's Aron Szapiro.
The Department of Labor is delaying the applicability of its fiduciary rule from April 10 to June 9. In a change from the original proposed delay, the department also will push back additional requirements until Jan. 1, 2018. Here are five key takeaways as the department prepares to publish the final rule on April 7.