DOL fiduciary rule: Indexed, variable annuities big winners of a proposed delay
August 15, 2017 by Greg Iacurci
Indexed and variable annuities are the biggest winners of the Department of Labor’s recently telegraphed fiduciary rule delay.
Sales of the products, especially indexed annuities, would arguably have been the most adversely impacted under the original timetable, which had the full regulation going into effect on Jan. 1, 2018.
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“I think the people who are feeling the most relief about it are likely indexed annuity distributors,” said Sheryl Moore, president and CEO of Moore Market Intelligence, a market research firm.
“They were sort of out there hoping for a miracle, and now we got a Hail Mary,” she added. “So they’re definitely breathing a sigh of relief.”