Insurance Groups Spearhead New Challenge to Fiduciary Rule

Insurance Groups Spearhead New Challenge to Fiduciary Rule

May 29, 2024

United States
United States
United States

Life Annuity Specialist 

Eversheds Sutherland Of Counsel Mark Smith is quoted in this Life Annuity Specialist article regarding trade groups suing the US Department of Labor (DOL) for expanding the scope of fiduciary investment advice in its Final Rule 4.0.

In the article, Mark noted that litigation was inevitable, and added that among financial service sectors, the insurance industry is most disrupted by the reworked fiduciary rule.
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W. Mark Smith

Of Counsel

Washington, DC, United States

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