Bill Mandia discusses New York’s “best interest” rule for annuities with Citywire

Litigator, and Fiduciary Governance Group member, Bill Mandia discusses the high bar New York recently set regarding the sale of annuities and life insurance products.

George Michael Gerstein advises financial institutions on the fiduciary and prohibited transaction provisions of ERISA. As co-chair of the fiduciary governance group, he assists clients with tracking, and understanding, the numerous fiduciary developments at the federal and state levels, including the rules and regulations of governmental plans. He also advises clients with respect to the fiduciary duty implications of ESG investing.