The Labor Department yesterday filed a proposal that would delay by 60 days the implementation of an Obama-era rule aimed at preventing conflicts of interest in the retirement adviser industry, MorningConsult.com reported. The proposal, which will be published in the Federal Register today, calls for postponing the currently scheduled April 10 implementation date for the fiduciary rule. A 15-day comment period will commence tomorrow. There will also be a 45-day comment period on President Donald Trump’s executive memo, which directs the Labor Department to examine the rule and analyze its economic impacts.
