9 trade groups file a second lawsuit to stop the DOL fiduciary rule

May 30, 2024 by John Hilton

Nine insurance trade associations filed a second lawsuit Friday against the Department of Labor to overturn its controversial Retirement Security Rule.

The rule would rope most annuity transactions into a fiduciary duty, increasing liability exposure. The RSR takes partial effect Sept. 23 and requires “major changes” by producers, one analyst says.

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Originally Posted at InsuranceNewsNet on May 25, 2024 by John Hilton.