Initial reactions from industry groups to last week’s announcement by the Obama administration of the final rule 408(b)(2)—as well as the simultaneously-announced lifetime income rules—ran the gamut. The Department of Labor made its fee disclosure rules final with changes that pleased some on the provider side. The administration also heeded requests from the American Society of Pension Professionals and Actuaries to change the frequency of disclosure from every 60 days to just once a year, a “huge change,”....