Compliance Alert: The DOL Extends Fiduciary Rule Applicability Date

By Sheri A. Creger, CPFA | April 5, 2017

On April 4th, the Department of Labor extended the applicability date of the Fiduciary Rule and related exemptions, including the Best Interest Contract Exemption, from April 10 to June 9, 2017.

This extension of the applicability date follows the Presidential Memorandum issued on February 3, 2017, which directed the department to examine the fiduciary rule to ensure that it does not adversely affect the ability of Americans to gain access to retirement information and financial advice.