The head of a prominent trade group representing annuity providers is firing back at President Biden for his comments about the industry this week as the administration rolled out a proposal to extend fiduciary responsibilities to more retirement advisors.
“We were shocked and disillusioned by many of the president’s remarks,” Wayne Chopus, president and CEO of the Insured Retirement Institute, writes in a Nov. 2 blog post titled, “We Do This Work Proudly, Mr. President.”
“It…
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