The impact of the adoption—and potential repeal—of the Department of Labor’s fiduciary rule has been a major source of concern and debate for the advising industry. But 73% of plan specialists said the DOL guidance had no impact on their likelihood of using TDFs. What’s more, 87% of retirement plan specialists said regulatory change under the new administration also would have no impact on their use of target-date funds.
Nearly 80% of specialists consider themselves either well-versed or experts in their understanding of the new fiduciary standard. That familiarity with the rule might explain why 
fewer than one-third of specialists have serious concerns about the impact of fiduciary issues surrounding their use of TDFs.
Where the DOL rule has had an impact on TDF use, say specialists, is in the way they must document the process of guiding clients into these investments.
Read more about documentation and evaluation in the full report.
