DOL Pushes Back Fiduciary Proposal

According to a recent article on financial-planning.com, the Department of Labor is pushing back the date for releasing a proposal which would expand fiduciary responsibilities for advisors who work with retirement plans.

Phyllis Borzi, the Labor Department’s assistant secretary for the Employee Benefit Security Administration, is quoted in the article a s saying that the DOL is “more concerned about getting it right than delivering it in on the previously announced schedule”.  You can read the entire article here.