A look at how regulators are reclaiming oversight of annuity sales.
Bruce Ashton, partner, Employee Benefits and Executive Compensation Practice Group at Faerge Drinker Biddle & Reath, discusses the latest news on the state and federal regulation of annuities, including:
- How the Biden administration will approach redefining “fiduciary”
- Whether the industry can again win in court to stop restrictive annuity sales regulation
- How important state adoption of annuity sales rules are to the big picture
Bruce L. Ashton is a partner in the Faegre Drinker Biddle & Reath Employee Benefits & Executive Compensation Practice Group. With more than 35 years of practice, Bruce has gained wide experience representing businesses in sophisticated business transactions and employee benefits matters. Bruce's practice focuses on all aspects of employee benefits issues, including representing public and private sector plans and their sponsors, negotiating the resolution of plan qualification issues under IRS remedial correction programs, and advising and defending fiduciaries on their obligations and liabilities.