Prudential: We’re Ready for DOL Rule
February 12, 2016 by Cyril Tuohy
Prudential Financial executives say they are prepared for the “full range of contingencies” when the Department of Labor’s conflict of interest rule is published in the coming weeks.
The comments coincided with those of two lawmakers blasting life insurance and retirement companies for their “doomsday predictions” for the fiduciary rule.
In a Feb. 11 letter to Labor Secretary Thomas Perez, U.S. Rep. Elijah E. Cummings, D-Md., and Sen. Elizabeth Warren, D-Mass., urged regulators to take note of several “dire and unsupported public predictions” in official comments submitted to the DOL. Click HERE to view the article
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