DOL Proposes 60-Day Delay in the Applicability Date of ERISA’s New Fiduciary Rule

The DOL proposes a 60-day delay, until June 9, 2017, of the applicability date of the new Fiduciary Rule and seeks comment on questions of law and policy raised by the rule, including questions raised by the February 3, 2017 Presidential Memorandum.

The notice and comment period for the 60-day delay ends March 17, 2017. Comments on the DOL’s questions related to the legal and economic impact of the Fiduciary Rule are due by April 17, 2017.

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