Annuities ERISA fiduciary "Department of Labor" "National Association for Fixed Annuities v. Thomas Perez and the Department of Labor" "Nevin Adams" NAPA

I wrote yesterday on the first complaint filed, in federal court in Texas, challenging the Department of Labor’s new fiduciary regulations, and then within hours, a second such suit was filed. The second suit is a more narrowly targeted action, brought by sellers of fixed annuities and charging that the Department of Labor, for various