Fiduciary rule is a threat to annuity industry, expert says

The annuity industry is confronted by a “fiduciary threat” from the Department of Labor, which aims to impose a common fiduciary duty on financial professionals, including those who sell annuities, said annuity expert Jack Marrion. He notes that the National Association of Insurance Commissioners receives relatively few complaints about these products. InsuranceNewsNet online (6/17)