DOL TO RECONSIDER FIDUCIARY RULE

On Feb. 3, 2017, President Donald Trump issued a memorandum that directs the DOL to re-examine the final rule and consider whether it should be revised or rescinded in order to be consistent with the Trump administration’s priorities. The DOL has proposed a 60-day delay to the rule’s April 10, 2017, effective date to comply with the President’s directive.

360benefits clients can view the detailed compliance bulletin “Trump Directs DOL to Reconsider Fiduciary Rule” through your MyWave portal at www.mywaveconnect.com