AALU: Life industry facing a ‘bloody battle’ over DOL’s fiduciary rule
May 8, 2015 by Warren S. Hersch, whersch@SummitProNets.com
Washington — At the AALU’s closing general session on Tuesday, members of AALU’s advocacy teams warned of coming fights in Washington, including expected legislation on income tax reform, repeal of the estate tax and, most immediately, the Department of Labor’s proposed fiduciary rule governing IRA and 401(k) plan providers. The session’s panel included Kenneth Kies, managing director of the Federal Policy Group and an outside counsel to the AALU; Chris Morton, the AALU’s vice president of legislative affairs; moderator Marc Cadin, AALU’s senior vice president of government affairs; and Jeff Ricchetti, also an outside counsel to the AALU. Click HERE for the excerpts.