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DOL's Imminent Final Rule Is Prompting Insurance Industry to Consider Nixing Traditional Variable Annuities in Qualified Retirement Plans
RIABiz
Mar. 3, 2016
"Even though the Department of Labor's proposed rule has been on the table for years, the insurance industry appears to have been caught flat-footed at the prospect. In the rule's current iteration, advisors would not be allowed to sell a commission-stocked variable annuity in retirement plans due to conflicts of interest."
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