In the News

Title

Milevsky on DOL Fiduciary Rule: Big Flaws; Annuities Will Suffer

Document Type

Article

Publication Date

9-8-2016

Abstract

Annuity guru Moshe Milevsky contends that, concerning annuities, the Department of Labor’s fiduciary standard rule’s overriding emphasis on fees is deeply flawed.

All in all, he says, the rule—which will see the first phase of implementation in April 2017—cries out for the expertise of financial economists.