Field Marketing Organizations (FMOs,) also known as Independent Marketing Organizations (IMOs), are worried about the fixed indexed annuity requirements that come with the DOL’s new fiduciary rule. These types of organizations represent independent agents, a group that accounted for 60% of indexed annuity product sales …
According to the Department of Labor, the purpose of their recent fiduciary rule is to protect consumers. Kim O’Brien, formerly of NAFA and the current vice chairman and CEO of Americans for Annuity Protection (AAP), disagrees with the DOL’s claims. In an Insurance News Net …
Running out of money in retirement is one of Americans’ biggest concerns. They have good reason for this worry. Only 22% of workers in private companies have a pension from their employer that will pay them monthly income. Most of these pension recipients will get …
In the article, “5 questions clients may ask about the DOL fiduciary ruling,” LifeHealthPro’s Peggy Bresnick looks at the consumer’s concerns about the new regulations. Consumers are wondering how their investments might be affected as well as how their relationship with their advisor might change. …
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