DOL fiduciary rule driving fundamental shift in variable annuity market

August 28, 2017 by Greg Iacurci

The Department of Labor’s fiduciary rule is shaking things up in the variable annuity market.

While the regulation has accelerated the downward trend in overall variable annuity sales for the past several quarters, only recently has the rule’s impact extended to the market share of different VA products.

The fiduciary rule, which raises investment-advice standards in retirement accounts, affects investment products sold in qualified accounts, such as individual retirement accounts, rather than non-qualified accounts. 

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Originally Posted at InvestmentNews on August 24, 2017 by Greg Iacurci.