Sen. Warren Speaks Up for ‘Fiduciary Rule,’ Puts Down Annuity Sales Perks

October 8, 2024 by Kerry Pechter

U.S. Senator Elizabeth Warren (D-MA) has just attacked the life/annuity industry at the most sensitive spot in its organizational anatomy—its reliance on flashy sales incentives for the marketing organizations and insurance agents who distribute and sell its bread-and-butter products.

Warren, a long-time, persistent scourge of the financial services industry recently published a white paper, “Cancun, Cruises and Cash: How the Department of Labor’s New Retirement Security Rule Would End Insurance Industry Kickbacks that Cost Savers Billions.”

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Originally Posted at Retirement Income Journal on October 1, 2024 by Kerry Pechter.