Home DOL Fiduciary Rule Resource Center
On April 6, 2016, the Department of Labor (DOL) released its final rule re-defining the definition of a fiduciary under the Employee Retirement Income Securities Act of 1974 (ERISA). The new rule is lengthy and complex, and will have a sweeping impact on how Americans save and plan for retirement.
To help members better understand and implement the rule, ICI convened a forum of industry leaders and stakeholders on May 10, 2016, in Washington, DC. Highlights from the event are available here.
Part of the rule became applicable on June 9, 2017, after the DOL issued a 60-day delay of the applicability date. ICI has been engaged in a variety of efforts to assist members with implementation of the rule, and has asked the agency to delay the January 1, 2018, applicability date for the remaining elements of the fiduciary rulemaking to provide needed certainty and reduce harm to investors.
For more information on this issue, please follow one of the links below.
- Review considerations and practices for rule implementation
- Read ICI’s response to DOL’s final fiduciary rule
- Explore ICI’s testimony and statements from the rulemaking process
- Explore ICI’s efforts to assist members with the rule’s implementation
- Read ICI’s letter urging a delay in the rule’s remaining conditions
- Read ICI’s comment letter urging a delay in the rule’s January 1, 2018, applicability date
