Final Fiduciary Rule Expected Soon
OIRA has canceled its final meetings on the proposal, and a final rule is considered likely for early next week.
Stay updated with breaking news from Tim Hauser. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
OIRA has canceled its final meetings on the proposal, and a final rule is considered likely for early next week.
The final draft has been written and now will undergo a review expected to take about 60 days.
Ali Khawar, of the Employee Benefit Security Administration, indicated that the agency may be set to finalize amendments to the fiduciary correction program in the coming months.
The House of Representatives hosted a second hearing on the retirement security proposal, during which witnesses disagreed on the adequacy of existing rules and the proposal’s potential to restrict access to financial products.
Tim Hauser sat down with PLANSPONSOR to discuss the merits of the proposal.