Questions On DOL Rule Focus On Preserving Annuity Business

July 27, 2015 by Cyril Tuohy

U.S. Department of Labor Secretary Thomas E. Perez this week suggested he was ready to work with the financial advisory industry to improve proposed conflict of interest rules. But he left no doubt that his agency was serious about pushing through tougher rules.

For sellers of fixed annuities, a sticking point in the DOL proposal surrounds the Prohibited Transaction Exemption 84-24, also known as PTE 84-24, which has traditionally provided agents with relief from compensation restrictions. Click here to read…

Originally Posted at InsuranceNewsNet on July 24, 2015 by Cyril Tuohy.