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  • DOL 101: The fiduciary rule’s impact on annuity carriers

    June 21, 2016 by KEVIN W. MECHTLEY, J.D.

    The Department of Labor’s fiduciary rule is the most significant industry game-changing development we have seen since the tax reform to annuities in the early 1980s. As an annuity compliance expert with a leading consulting company, the biggest question I receive these days is: “How do I comply?” Even though I’d like to have a panacea response, my answer is often the same: “It depends.”

    Every company, distributor and producer is in a unique position under this rule, and compliance answers will vary based on the licenses a producer carries, the types of annuity products manufactured and the role served by the distribution firm.

    This is part 2 of a series of articles taking a deep dive into what the annuity world is likely to look like once the rule takes effect next April. (If you missed part 1 — it addressed the rule’s impact on insurance-only producers). Part 2 takes a look from the perspective of the annuity carrier. 

    CLICK HERE to read the article-– LifeHealthPro site registration required.

    Originally Posted at LifeHealthPro on June 20, 2016 by KEVIN W. MECHTLEY, J.D..

    Categories: Industry Articles
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