Critics of an effort at the Department of Labor to extend fiduciary responsibilities to retirement plan advisors scored a victory this week when the agency disclosed that it is pushing back the rollout of its proposal until at least next year.

The Labor Department's fiduciary proposal has drawn sharp criticism from a range of actors, including business groups, lawmakers and Wall Street lobbyists, who have argued that the rules would limit access to retirement plans and advice for middle-income Americans.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access