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Compass
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Fiduciary Opponents to DOL: See You in Court?
InsuranceNewsNet.com Apr. 11, 2016
"Now that the final rule is out, insiders are even more convinced that lawsuits are on the way.... Jack Marrion, CEO of the consulting firm Advantage Compendium, is confident the rule will never go into effect. 'I sincerely believe the final outcome is that ... the entire rule will be stayed and returned to the DOL to redo their economic analysis -- which they are unlikely to do in the next administration,' Marrion said. 'So I think it will die before it goes into effect.' ... To date, the most litigious rumblings have come from the offices of the U.S. Chamber of Commerce."
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