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Insurance Industry Associations File Lawsuit Challenging DOL's Retirement Security Rule
PLANSPONSOR; registration may be required 
May 28, 2024 "The insurance organizations have argued that the added fiduciary obligations are unnecessary, as annuity sales are already regulated by many states, and investment advice is generally guided by the [SEC's] Regulation Best Interest rules. More broadly, the firms have argued that the fiduciary obligations would be costly, restrictive, and ultimately limit retirement advice to people with fewer assets who cannot afford long-term financial advisers." [ACLI v. DOL, No. 24-0482 (N.D. Tex. complaint filed May 24, 2024)] MORE >> |
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