DOL Rule Delay a Boon for Indexed, Variable Annuities
Jamie Patrick Hopkins
The proposed 18-month delay to the Department of Labor’s fiduciary rule is a big relief to distributors of indexed and variable annuities, InvestmentNews writes.
The rule, which was originally scheduled to go into full effect January 1, would have cut sales in indexed annuities by up to 10% this year and up to 20% in 2018, according to estimates from insurance industry association Limra cited by the publication.
Padalka, Alex, "DOL Rule Delay a Boon for Indexed, Variable Annuities" (2017). In the News. 2432.