An Update on the Status of the Fiduciary Duty Rule: Issues Surrounding the Implementation of the Rule and Impact on the Current Products

July 25, 2016 4:55pm

Mary Jane Wilson-Bilik
Sutherland Asbill & Brennan LLP

Patrick H. Cantilo
Co-Founder and Managing Partner
Cantilo & Bennett, L.L.P. (Austin, TX)

Brian T. Casey
Partner, Co-Chair of Regulatory & Transactional Insurance Practice Group
Locke Lord LLP

  • The status of the rule — what does the final rule say and what does it really mean?
  • What are the implications for people with qualified plans, such as self-directed 401(K)s and IRAs?
  • What are companies that offer affected products evaluating? What are they changing?
  • How will products be designed?
  • How will it be underwritten?
  • Liability that will go with it; What can regulators do as an enforcement action? What can individual owners of a product bring as a class action lawsuit?