FIA sales spotlighted in DOL rule

April 11, 2016 by Arthur D. Postal

Fixed index annuities appear to be the product most affected by the Department of Labor’s new fiduciary standard regulation, according to analysts.

Keefe, Bruyette & Woods analysts called the decision to reclassify FIAs as eligible for sale under federal regulation instead of state regulation “a notable negative” of the final rule.

Standard & Poor’s estimated that insurers issued $50 billion in FIAs in 2015.

Fitch Ratings said the inclusion of FIAs under “the more onerous requirements of the Best Interest Contract was unexpected.” Click HERE to read more…

Originally Posted at Lifehealthpro on April 11, 2016 by Arthur D. Postal.