The Fiduciary Rule Was Great for Variable Annuity Buyers: Economists

August 5, 2020 by Allison Bell

Mark Egan, Shan Ge and Johnny Tang have gone and poured grain alcohol on the annuity sales standards conflagration.

The fight blazed ferociously in 2016 and 2017, as the supporters and opponents of the U.S. Department of Labor’s original, Obama-era effort battled with policy lightsabers.

The fight seems to have cooled to a moderate level this year, with state insurance regulators and Trump’s DOL converging on support for Regulation Best Interest, the work of Trump’s U.S. Securities and Exchange Commission.

Click HERE to read the full story via ThinkAdvisor. 

Wink’s Note:  Our data does not support this statement “The contracts in about the top 15% in terms of commissions had a commission of about 8.4%.” 

Originally Posted at ThinkAdvisor on July 28, 2020 by Allison Bell.