The Fiduciary Rule Was Great for Variable Annuity Buyers: Economists
July 29, 2020 by Allison Bell
Mark Egan, Shan Ge and Johnny Tang have gone and poured grain alcohol on the annuity sales standards conflagration.
The fight blazed ferociously in 2016 and 2017, as the supporters and opponents of the U.S. Department of Labor’s original, Obama-era effort battled with policy light sabers.
The fight seems to have cooled to a moderate level this year, with state insurance regulators and Trump’s DOL converging on support for Regulation Best Interest, the work of Trump’s U.S. Securities and Exchange Commission.
But the Democratic Party has included Reg BI repeal in its platform.