Insurers cite broker-dealer annuity requirements as ‘big issue’ under DOL fiduciary rule
B-Ds and other annuity distributors are asking insurers for product specifications with an eye toward compliance with the new regulation.
The catering by insurance companies to specific broker-dealer requests on annuity product design has been a major change, and challenge, for the industry as implementation of the Labor Department's fiduciary rule draws closer.
Insurers are trying to remain flexible as product distributors weigh the
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