The Department of Labor, facing intense opposition to a new definition of “fiduciary,” announced on Monday it will go back to the drawing board, with a new proposal not expected until 2012, Business Insurance reported.

The new rule is expected to have more specific exemptions, including clarifying that fiduciary advice is limited to individual advice, not routine appraisals. Exemptions are also expected to protect the current fee practices for brokers and advisers.

“Everybody has asked to look more deeply at the costs and benefits of the proposal. And that’s what we’re going to do,” said Phyllis C. Borzi, assistant secretary of labor and head of the Employee Benefits Security Administration.