Voices: Did the DoL fiduciary rule really make variable annuities cheaper?
October 20, 2020 by Scott Stolz
This piece is in response to an article that appeared in Financial Planning Sept. 24.
Did sales of “expensive” variable annuities fall as a result of the now-vacated Department of Labor’s fiduciary rule, as claimed by professors in a study published in July?
The professors from Harvard Business School and New York University do make a pretty compelling argument. After all, total industry variable annuity sales are down roughly 30% since 2015, the year the Labor Department’s rule was proposed.
Click HERE to read the full story via Financial Planning
Originally Posted at Financial Planning on October 16, 2020 by Scott Stolz.
Categories: Industry Articles