DOL fiduciary rule delay boosts prospects for annuity sales
October 17, 2017 by Greg Iacurci
A proposed delay to the Department of Labor’s fiduciary rule is leading to big increases in annuity sales projections next year.
The regulation, which raises investment-advice standards in retirement accounts, was expected to put a severe dent in product sales, especially for variable and indexed annuities. That slump has been playing out since the rule was issued in April 2016.