Update on Fiduciary Rule

On August 9, 2017, the Department of Labor filed a Notice of Administrative Action in the lawsuit, Thrivent Financial for Lutherans v. DOL, in the United States District Court for the District of Minnesota, that it has requested permission from the Office of Management and Budget to extend the transition period and applicability date for the Best Interest Contract Exemption and PTE 84-24 from January 1, 2018, to July 1, 2019.

CLICK HERE for a copy of the Notice of Administrative Action.