Please sign a letter of petition to Department of Labor Secretary Alexander Acosta urging him to delay implementation of the Fiduciary Rule exemptions. Join our campaign to extend the transition period to July 1, 2019 and fix the treatment of fixed indexed annuities.
It’s been another interesting week with the usual mix of the good, the bad, and the uncertain. In any case, we appreciate your continuing interest! FACC’s goal for this blog is to provide you with reliable updates and correct a lot of misinformation that seems to be floating around in our industry.
nothing. But, don’t think the silence means that victory is upon us – IT IS NOT!
The news of the delay is a hopeful sign. However, the lack of information and continued deafening silence creates more uncertainty and confusion. As we blogged last week, there are many possible interpretations of what this means:
The Rumors of the DOL Rule’s Death are Highly Exaggerated! The shot heard across the nation last Wednesday was the sound of a DOL proposal to delay further implementation of the fiduciary-rule exemptions until July 2019. The Department’s proposal to extend the Jan. 1 effective date for the remaining portions of the exemptions was first disclosed in documents released Wednesday in a court challenge Thrivent Financial for Lutherans v. Perez.