Rollovers and Annuity Sales Soar After DOL Rule’s Death

February 26, 2019 by Alex Padalka

With the Department of Labor’s fiduciary rule out of the way, individual retirement account rollovers and annuities sales are picking up, according to a recent report.

Several years ago, researchers had predicted the rollover market would reach $550 billion by 2018, but the DOL’s rule, which purported to require retirement account advisors to put clients’ interests first, put a damper on the market, according to a recent report from the Limra Secure Retirement Institute and the Investment Company Institute, FA magazine writes.

But after an appeals court vacated the rule last spring, sales heated up again, Limra says, according to the publication.

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Originally Posted at Financial Advisor IQ on February 26, 2019 by Alex Padalka.