With the presidential election victory of Donald Trump and the success of Republicans in holding majorities in both the House of Representatives and the Senate, questions have arisen about the immediate future of the fiduciary rule finalized by the Department of Labor (DOL) in April 2016. In this article, we explore whether changes may be in store for the controversial rule.
What Are Trump’s Options for Changing the Rule?
During the course of the campaign, President-elect Trump himself did not say anything about the fiduciary rule, although an advisor to the campaign staff said a few months ago that a Trump administration would repeal it.
Find out what could happen to the DOL fiduciary rule in the Trump era.
Jon Vogler is a Senior Analyst, Retirement Research, at Invesco Consulting.
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