Life Groups Eye Final Massachusetts Fiduciary Rule Warily

February 25, 2020 by Allison Bell

Massachusetts officials have cut the two direct references to sales of insurance products out of the final version of the state’s new fiduciary rule.

The American Council of Life Insurers (ACLI) and the Insured Retirement Institute (IRI) are holding off on declaring victory, ACLI President Neely said in a statement that the ACLI is reviewing the regulation.

“Our goal, in Massachusetts and elsewhere, is for small and moderate savers to maintain access to the financial guidance and protection they want and need,” Neely said.

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Originally Posted at ThinkAdvisor on February 24, 2020 by Allison Bell.