Insurers Rejoice At (Near) Death Of DOL Fiduciary Rule
May 5, 2018 by Cyril Tuohy
The Department of Labor fiduciary rule is just about dead and insurance executives are rejoicing, but not too loudly.
“I think everybody is sort of cautious right now,” said Dennis R. Glass, president and CEO of Lincoln Financial, when asked about distribution partners in the wake of the latest regulatory developments.
The Fifth Circuit Court of Appeals rejected last-minute appeals this week by AARP and three states to review its March 15 decision to toss the DOL fiduciary rule.
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Originally Posted at InsuranceNewsNet on May 4, 2018 by Cyril Tuohy.
Categories: Industry Articles