DOL posts indexed annuity fiduciary rule exemption draft
January 19, 2017 by Allison Bell
The U.S. Department of Labor wants to let indexed annuity distributors act as financial institutions under its new fiduciary rule.
But only if those distributors generate more than $1.5 billion in annual fixed annuity contract sales, according to a draft proposal that appeared Wednesday in the Federal Register.
The DOL fiduciary rule sets standards for how retirement plan advisors should relate to retirement savers.
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Originally Posted at LifeHealthPro on January 19, 2017 by Allison Bell.
Categories: Industry Articles