Tuesday, February 23, 2021

Are Best Interest Regulations Cramping Your Firm’s Business?

 

Are Best Interest Regulations Cramping Your Firm’s Business?

If you’re in the annuity business, the onslaught of new rulings could make you feel like you’re tiptoeing on thin ice while carrying a sack of boulders. And if that’s you, you’re not alone.

With the emergence of Regulation Best Interest (Reg BI), the National Association of Insurance Commissioners (NAIC) model regulation, New York’s regulation 187, and a new presidential administration looking to add even more rules, the entire industry is on edge and wondering, “How do we keep up with or even address this?”

For everyone involved, from advisors to the firms they represent, the situation is…


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