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Principal: DOL Rule to Cost Us $1M a Month
InsuranceNewsNet.com 
Aug. 1, 2016
"Complying with the [DOL's] new fiduciary rule will cost an estimated $1 million a month for the next 18 months to 24 months, and between $5 million to $10 million a year afterwards, executives with Principal Financial Group said Friday. Earlier in the week, executives from Ameriprise Financial said DOL rule compliance-related issues had cost the company $11 million in the first half of 2016."
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