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Prospects of fiduciary rule taking root slowly fading

Mar 06, 2017 - Pensions & Investments

The landmark fiduciary rule is being delayed until early June, with the prospect of indefinite limbo increasingly likely.

"What this means to plan sponsors is that they don't have to rush," said Lynn Dudley, senior vice president of global retirement and compensation policy for the American Benefits Council in Washington.

Sponsors and service providers have been reviewing and adjusting their compliance processes ahead of the rule's original deadline of April 10, with more monitoring ...