In a ThinkAdvisor piece published on July 17 titled “Will Acting Labor Secretary Pizzella Greenlight a Fiduciary Rule?” benefits partner Josh Lichtenstein discusses the future of the fiduciary rule given the Labor Department’s appointment of Patrick Pizzella as acting secretary. But a fiduciary rule release by Labor now hinges on “how much authority is Pizzella going to feel that he has,” states Mr. Lichtenstein, in the piece adding an acting secretary’s “preference is to defer a rulemaking to the secretary.”
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