Fiduciary rule leads to offerings of new fee-based variable annuities

The arrival of new fee-based variable annuities smooths the path for the sale of VAs under the Labor Department's fiduciary rule by simplifying compliance, write Robert Bloink and William Byrnes. "The DOL fiduciary rule has provided an impetus for change in much of the financial planning world — and the variable annuity marketplace is one area that may be evolving in such a way that the new fee-based products may actually add value for clients who are interested in variable products," they write.

ThinkAdvisor (7/4)