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The American Council of Life Insurers expressed support for DOL regulation, instead of an interpretive bulletin, to address concerns about selecting an annuity provider in a PRT deal.
President Biden warned advisors not to recommend high-fee products that line their pockets rather than help clients build a nest egg.
Financial sector responds to proposed amendments to advice regarding retirement plan rollovers and annuity sales.
People pay 'junk fees' when they look for trusted advice that comes with hidden costs, President Biden said
This month’s story summarizes the issues surrounding state insurance commissioners and the differences between elected and appointed systems.