Skip to content

DOL Fiduciary News: March 7, 2017

Please Note:

These links will take you directly to the homepage of the website that features the article.

To reach the article directly, copy and paste the article title into the search feature on the homepage of the publication website.


Insurers Launch 17 Fee-Based VAs In Two Months

InsuranceNewsNet; March 6, 2017

In the first two months of the year, insurers have filed no fewer than 17 fee-based variable annuity contracts. This is more than the number of variable annuity contracts filed in a typical calendar-year period, according to Morningstar.

Fee-based variable annuity contracts are designed to offer advisors more sales options as the April 10 Department of Labor fiduciary rule deadline approaches.

“In this new world, there will be a push for brokers from selling commission-based variable annuities to fee-based products,” said Kevin Loffredi, senior product manager of Annuity Solutions with Morningstar in Chicago.
(https://www.insurancenewsnet.com)

Kitces, Frankel to Conduct DOL Fiduciary Rule Training in Massachusetts 

ThinkAdvisor; March 6, 2017

Massachusetts Securities Regulator William Galvin is pressing ahead with training the state’s investment advisors on how to comply with the Department of Labor’s fiduciary rule, despite a likely delay in the rule’s April 10 compliance date.

On Tuesday, as many as 350 state-registered advisors will gather in Boston to hear Tamar Frankel, law professor at Boston University, and Michael Kitces, director of wealth management for Pinnacle Advisory Group, co-founder of the XY Planning Network and author of the Nerd’s Eye View blog, hash over compliance with the rule.
(http://www.thinkadvisor.com)

Did you accomplish the goal of your visit to our site?

Yes No

© 2024, LL Global, Inc. Unauthorized use, reproduction, or reprinting of this material (or any portion thereof) for any purpose, including use with any current or future form of an Artificial Intelligence tool or engine, without express and written permission from LL Global (LIMRA and LOMA) is strictly prohibited.