Selling annuities under the DOL fiduciary rule is a whole new ballgame
Jamie Patrick Hopkins
The Department of Labor's fiduciary rule will fundamentally change the way brokers can select annuities for clients.Brokers are currently able to sell annuities under a suitability standard, but fiduciary experts describe new DOL requirements as a suitability standard on steroids that will require a comprehensive client analysis similar to one performed by a traditional financial planner.
Iacurci, Greg, "Selling annuities under the DOL fiduciary rule is a whole new ballgame" (2016). In the News. 1699.