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Two More Victories for the Fiduciary Rule
Cohen & Buckmann, P.C. Link to more items from this source
Dec. 20, 2016

"[R]egardless of the fiduciary rule's fate, the genie is already out of the bottle.... It will be hard for plan sponsors and in-house fiduciaries to justify relying on advice from advisers who are not fiduciaries, regardless of whether the law is changed. And it will not be so easy for entities that have already announced that they will take on a fiduciary role to backtrack and revert to non-fiduciary status. The landscape has already changed."

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