By Meaghan Kilroy – Pensions&Investments – March 23, 2018
The DOL and other groups might have the time and capacity to work on retirement income strategies, now that a U.S. appellate court decision has vacated the Fiduciary Rule, industry experts. Michael P. Kreps, a principal at Groom Law Group, said he is doubtful the DOL would appeal the March 15 federal appeals court decision vacating the Fiduciary Rule. Potentially free from having to focus their time on the rule, DOL regulars might turn their attention to other issues, such as lifetime income, instead, Kreps said.
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