Consumer and Insurance Groups Disagree

An effort by state insurance regulators to raise investment-advice standards for annuity sales appears to be driving a wedge between consumer organizations and a life insurance trade association.

In light of the Labor Department's fiduciary rule, the National Association of Insurance Commissioners established a working group in April to review its suitability standard for annuity sales...

August 2, 2017 | By Mark Schoeff Jr.

Add comment

Loading