Advisers often don’t recommend annuities, despite client focus on income

Nearly two-thirds of advisers said income-distribution planning is the top goal of people in their 50s and 60s, and 27% said they commonly recommend annuities, a Saybrus Partners survey says. High costs and the proposed Labor Department fiduciary rule could be among the reasons why, Marlene Satter writes. BenefitsPro.com (10/21)