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Fiduciary Rule Regs May Cut $5,000 in Annual Fees per Annuity Pro: DOL
By
Allison Bell
News April 24, 2024 at 12:15 PM
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What You Need To Know
- DOL officials say the regulations could affect as many as 86,410 independent agents and brokers.
- They doubt the new requirements will hurt the supply of affordable investment advice.
- Their own figures show that annuities have been outperforming mutual funds.
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