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DOL Fiduciary News: August 12, 2016

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Financial advisors on track to implement new Department of Labor rule standards
[Nationwide Retirement Institute® quarterly survey]

COLUMBUS, Ohio, Aug. 11, 2016 /PRNewswire/ -- A Nationwide Retirement Institute® survey released today finds the new Department of Labor (DOL) fiduciary rule has most advisors considering changes to their business model as they wait to learn their firm's new compliance procedures.   

As financial advisors work to comply with the new rule, Nationwide's Countdown to Implementation advisor survey will provide a quarterly snapshot of the progress the industry is making to implement the new rule standards. 

Great American Life Launches New Fixed-Indexed Annuity and Guaranteed Income Rider for Fee-Based Advisors

August 11, 2016 09:33 AM EDT

CINCINNATI -- (BUSINESS WIRE) -- Great American Life® is expanding its product offerings to include a fee-based fixed-indexed annuity and optional guaranteed income rider for advisors. 

The Index ProtectorSM 7 fixed-indexed annuity marks Great American’s entry into the investment advisory channel. As one of the first fixed-indexed annuities to hit this emerging market, the Index Protector 7 is designed for Investment Advisor Representatives who offer fee-based services. 

The Index Protector 7 responds to new Department of Labor regulations and offers competitive earning potential, tax-deferred growth and a return of premium guarantee. In addition, consumers can add the low-cost Income KeeperSM rider, which provides lifetime income payments that could increase each year.

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