Fiduciary Rule May Take on SEC Influence
January 2, 2018 by John Hilton
While the Department of Labor delayed final implementation of its fiduciary rule until July 2019, that doesn’t mean 2018 will be quiet on the fiduciary front.
In fact, it could be a big year for sorting out the future standard that agents and advisors will abide by when selling products into retirement accounts, said Michael Hedge, director of government relations for the National Association of Insurance and Financial Advisors.
The Securities and Exchange Commission will likely produce a rule that is later merged with the DOL rule, Hedge said Thursday, speaking at a NAIFA-Pennsylvania event in Camp Hill, Pa.
Click HERE to read the full story via INN; subscription required.