Brad Campbell Comments on the Impact of the Head of EBSA’s Departure

Benefits and Executive Compensation partner Brad Campbell was recently quoted in articles by ThinkAdvisor and Investment News on the upcoming departure of Preston Rutledge, assistant secretary of labor for the Employee Benefits Security Administration (EBSA).

Campbell expressed that while Rutledge’s departure won’t result “in any additional delay to current outstanding projects at EBSA, given the strength of his deputy, Jeanne Wilson, and the importance of the agency’s mission to current events,” Labor’s fiduciary rule reboot has been pushed to the back burner.

“Reproposing the fiduciary rule is not at the top of the Department’s agenda,” Campbell said. “How far down it has slipped only time and publication of the spring regulatory agenda will tell.”