| Autor: |
Eaglesham, Jean (AUTHOR) |
| Předmět: |
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| Zdroj: |
Wall Street Journal - Online Edition. 8/8/2024, pN.PAG-N.PAG. 1p. |
| Abstrakt: |
The insurance industry is engaged in a legal battle against new protections for retirement savers, which would require advisers to recommend what is best for the saver and avoid excessive charges. The rule is expected to significantly reduce commissions on annuities, which have become increasingly popular but often come with high fees. The insurance industry argues that the rule would limit consumer choice and access to retirement financial guidance. Annuity sales have been booming, but concerns have been raised about whether people are receiving the best advice, as financial advisers receive upfront commissions for selling annuities. The industry is currently winning the battle against the new protections, with a dozen industry groups suing the government. The rule is forecast to save retirement investors around $3.25 billion a year in reduced commissions on rollovers into fixed indexed annuities alone. [Extracted from the article] |
| Databáze: |
Regional Business News |
| Externí odkaz: |
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