Can the new President and Congress stop the DOL Fiduciary Rule from being implemented?
Yes, legally the rule can be stopped from full implementation. However, many companies have already made process shifts, product and compliance changes that they would most likely not roll back if the rule was stopped. However, many companies might forego any additional changes that were not already in process.
For more on the Fiduciary Rule’s impact of annuities, see our new article coming later today.