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 …
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. …
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