Securities Broker Jealousy Fuels Attacks on Annuities: Ohio Lawmaker
June 18, 2019 by Allison Bell
A key state insurance legislator has suggested that big broker dealers may be partly to blame for some of the hostility aimed at variable annuities in recent years.
Ohio state Sen. Bob Hackett, R-London, Ohio, talked about that possibility in March, in Nashville, Tennessee, at a meeting of the National Council of Insurance Legislators’ Life Insurance & Financial Planning Committee.
NCOIL put a summary of Hackett’s remarks in a packet of materials for NCOIL’s next in-person meeting, which is set to start June 10, in Newport Beach, California.
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