NAIC members will be meeting on Saturday to discuss whether to adopt a suitability-plus or best interest model rule for the sale of annuities. Bill Mandia weighs in in the context of the recently finalized New York rule.
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.