The Department of Labor plans to provide a “fair measure” of guidance on its rule to amend the definition of fiduciary on retirement advice and is eager to hear from advisers and stakeholders about their concerns, Timothy Hauser of the DOL’s Employee Benefits Security Administration said Tuesday.

“Any problems you’re wrestling with, we’d love to hear from you,” said Hauser, EBSA’s deputy assistant secretary for program operations and one of the main architects of the DOL’s conflicts of interest rule. “I’d much rather give advice out early then to have you build systems and then we say, ‘they don’t comply.’”

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