On March 2nd, the Department of Labor (DOL) announced a proposal to enact a 60-day delay of the Fiduciary Rule.
We favor this delay and welcome it – the constraints the rule presents will negatively impact the ability for advisors to serve their clients and assist them in saving for their future.
This step is vital for those that oppose the directive. We, like our carrier partners, urge you to voice your shared concerns to the DOL – conveying your support for the delay and the applicability date of the Fiduciary Rule.
To assist in your communication, the Insured Retirement Institute (IRI) is offering the use of their portal – where, by simply entering your contact information a comment letter will be sent to the DOL.
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Contact CPS today for complete details and more information.