Skip to content

DOL Fiduciary News: July 29, 2016

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.

Jackson National, Prudential cease sale of some L-share variable annuities

InvestmentNews; July 28, 2016 @ 1:48 pm

Two of the largest variable annuity product manufacturers are ceasing the sale of some L-share VAs, which have attracted the watchful eye of regulators and whose suitability has been further questioned given new Labor Department regulations governing investment advice in retirement accounts.

Jackson National Life Insurance Co. and Pruco Life Insurance Co., an annuity unit of Prudential Financial Inc., have announced the closure of L-share sales in certain variable annuities, according to filings with the Securities and Exchange Commission.

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

Yes No