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Top DOL Official Sees a 'Nonsensical' Reality at Heart of Fiduciary Fight
Analysis October 07, 2024 at 04:30 PM
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What You Need To Know
- The current state of best-interest regulation is too complicated for retirement investors to understand, says Ali Khawar, EBSA's second in command.
- The goal of the Retirement Security Rule is to ensure best-interest advice meets a common standard, no matter the investment product, he says.
- ERISA attorney Fred Reish contends that the NAIC standards for insurance are not bad, just lower than a true fiduciary standard.
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