American Council of Life Insurers: Labor Department Repeats Past Mistakes in Latest Fiduciary-Only Regulation
May 01, 2024
May 01, 2024
WASHINGTON, May 1 -- The American Council of Life Insurers issued the following news release:
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ACLI, NAIFA, Finseca, IRI and NAFA issued a joint press release on the Department of Labor's fiduciary-only regulation.
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The fiduciary-only regulatory package rolled out by the U.S. Department of Labor last week is nothing more than a repackaging of its failed 2016 regulation, leading insurance and retirement security associations concluded . . .
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ACLI, NAIFA, Finseca, IRI and NAFA issued a joint press release on the Department of Labor's fiduciary-only regulation.
* * *
The fiduciary-only regulatory package rolled out by the U.S. Department of Labor last week is nothing more than a repackaging of its failed 2016 regulation, leading insurance and retirement security associations concluded . . .