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Insurance Industry's Opposition to the DOL Fiduciary Standard is Misguided

David Lau
August 27, 2024
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BARRON'S

Having spent decades working with insurance carriers, financial advisors, and consumers on the design and distribution of annuities, I believe these are critically important products for retirees and advisors. As pensions disappear and longevity expands, retirees are challenged as never before to self-fund retirements that can exceed 30 years; they need access to fiduciary advice and to annuity solutions.

Annuities are valuable structures that bring benefits to a financial plan that cannot be replicated through investments...

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