Top DOL Official Sees a 'Nonsensical' Reality at Heart of Fiduciary Fight

What You Need To Know

• The current state of best-interest regulation is too complicated for retirement investors to understand, says Ali Khawar, EBSA's second in command.
• The goal of the Retirement Security Rule is to ensure best-interest advice meets a common standard, no matter the investment product, he says.
• ERISA attorney Fred Reish contends that the NAIC standards for insurance are not bad, just lower than a true fiduciary standard.