Milevsky on DOL Fiduciary Rule: Big Flaws; Annuities Will Suffer
Wade D. Pfau
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.
Wollman Rusoff, Jane, "Milevsky on DOL Fiduciary Rule: Big Flaws; Annuities Will Suffer" (2016). In the News. 1653.