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Insurance Industry's Opposition to the DOL Fiduciary Standard is Misguided

August 27, 2024

Having spent decades working with insurance carriers, financial advisors, and consumers on the design and distribution of annuities, I believe these are critically important products for retirees and advisors. As pensions disappear and longevity expands, retirees are challenged as never before to self-fund retirements that can exceed 30 years; they need access to fiduciary advice and to annuity solutions.

Annuities are valuable structures that bring benefits to a financial plan that cannot be replicated through investments...