After the implementation of the DOL fiduciary rule earlier this month, state insurance regulators are starting to evaluate annuity sales standards that they oversee. The new rule requires advisers to act in the best interest of their clients when investing in retirement accounts. This means …
It’s no secret that a lot of annuity organizations and experts think that the Department of Labor made a big mistake with their fiduciary rule. Some don’t agree that indexed annuities should have been included with variable annuities, while others think that the BICE guidelines …
Suitability guidelines are very important for annuity products. Those of us with good ethical standards need to make sure that the industry is treating consumers well. Two groups putting suitability standards into effect are FINRA and the NAIC. I just updated a blog post about …
Insurance regulators in the state of New York are holding four hearings to determine if they need to add more regulations for life insurance and annuity contract sales, as written by Jonathan D. Epstein of the Buffalo News. The article, “Insurance Department mulls more oversight”, …
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