Insights & News

George Michael Gerstein Quoted in Planadviser Discussing a Recent DOL Field Assistance Bulletin

May 10, 2018
Press Clippings

Stradley Ronon Counsel George Michael Gerstein  was quoted in Planadviser’s article, “ERISA Attorneys Help Digest DOL’s Confusing Fiduciary Rule FAB 2018-02,” explaining the DOL’s recent FAB in response to the 5th Circuit Court ruling on the fiduciary rule.

“This means that service providers can continue with their existing compliance approach in connection with the impartial conduct standards,” Gerstein and Podheiser explain. “The DOL most likely issued FAB 2018-02 because of the confusion over the fiduciary rule’s iterations. What was designed as a sweeping and, to many, draconian, rule has since morphed into an ever narrower and more flexible slate of compliance obligations through a series of supplemental guidance issued by the DOL post-election. Uncertainty over how to comply with the fiduciary rule has been as much a hallmark of the rulemaking as the rule’s own conditions.”

To read the full article, click here (subscription required). 
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