Just days out from the close of the comment period for the Department of Labor's proposed conflict of interest rule, opponents of the regulation are rushing to document versions of Armageddon that would befall the retirement advisory industry if anything resembling the proposed provisions come to pass.
Kim O'Brien is one of them. She's the CEO of Americans for Annuity Protection, a new advocacy group that recently published a paper insisting the DOL withdraw its rule.
As a lobby for consumers' access to insurance investment products, O'Brien says all annuities are square in the DOL's crosshairs.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
