The Obama Administration first proposed a fiduciary rule to protect retirement savers from conflicted advice back in 2010, and now seven years later, a revised fiduciary rule issued last April is finally getting close to implementation. April 8, 2016: The fiduciary rule is published in the Federal Register. For a fiduciary rule primer, see DOL Issues Fiduciary Rule, 2015 Version. Feb. 3, 2017: President Donald Trump orders the DOL to review the fiduciary rule, issuing an official memo. Feb. 9, 2017: The Texas court throws out the insurance industry case (U.S. Chamber of Commerce v. DOL) against the fiduciary rule, in an 81-page opinion, shooting down each of the plaintiff’s seven key challenges to the fiduciary rule in turn.

Source: Forbes March 23, 2017 15:56 UTC