Annuity Issuers Should Improve Their Best-Interest Reviews: Regulator
July 16, 2024 by Allison Bell
State insurance regulators want some fixed annuity issuers to work harder at monitoring their sales and distribution networks.
The regulators have offered the issuers an alternative to U.S. Labor Department oversight, by creating an annuity suitability regulation update based on the U.S. Securities and Exchange Commission’s Regulation Best Interest rather than the Labor Department’s fiduciary rule requirements.
Click HERE to read the full story via Think Advisor