The Federation of Americans for Consumer Choice (FACC) is pleading with its members to combat the US Department of Labor’s (DoL) most recent sales standards regulation.
The group for life, annuity and long-term care insurance distributors is reaching out to independent insurance agents to fight the stringent set of guidelines for issuers of indexed annuities which is alleged to turn these agents into fiduciaries. They are being urged to write letters to the White House, US representatives and senators to voice their opposition, according to FACC chief executive officer, Kim O’Brien. The DoL is upgrading its earlier version of the ‘Investment advice
Continue reading and get unlimited access for 7 days with a free trial of SRP.
Get a free trialAlready a subscriber? Login