ACLI

SEC’s New Best Interest Standard Met With Mixed Reviews

Earlier this week, the U.S. Securities and Exchange Commission approved the SEC’s Regulation Best Interest: The Broker-Dealer Standard of Conduct (Regulation BI). The SEC started working on the Reg BI project after the U.S. Department of Labor started experiencing difficulties in implementing its own fiduciary rule regulations, according to a recent article from ThinkAdvisor. The new regulation is set to have a compliance date of June 30, 2020.The new standard will require broker-dealers... Read More

ACLI Opinions On Longevity Annuity Regulations

The American Council of Life Insurers' Jim Szostek testified before the U.S. Department of the Treasury and the IRS regarding longevity annuities.  He said that the ACLI is thrilled with the government's changes to annuities in order to make them easier for Americans to purchase.  Annuities are the only retirement vehicle that can ensure you will not outlive your savings.  The ACLI applauds the government for helping make it easier for Americans to use some of their retirement savings to buy... Read More

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