The Latest on the Department of Labor

What We Learned and What YOU Need to Know!

On Tuesday, July 21st, the day comments were due, AAP met with the Directors and staff of the Office of Regulations and Interpretations (in charge of the Conflict of Interest Contract) and the Office of Exemption Determinations (in charge of the PTE 84-24). We were joined by Assistant Secretary Phyllis Borzi.

The meeting went an unprecedented 95 minutes during which we shared relevant, and (as they noted) often new, information about the annuity marketplace, retirement savers and typical annuity buyers. In turn, we listened to the DOL’s thought process and intentions behind the Rule. They frequently expressed their desire to listen and learn so they could “get it right” for consumers.

Americans for Annuity Protection (AAP) would like to share what we learned and, more importantly, to consider what we think it means.

Click below for the full article!

http://insurancenewsnet.com/oarticle/2015/07/30/americans-for-annuity-protection-meets-with-dol.html

About Jeffrey Berson

40 years in and around the industry has made Insurance a part of my DNA. I have had the pleasure of working with and for some of the greatest minds in our industry. My "Bersonal" View is an attempt to capture some of the best ideas, the best concepts and the best practices in a way that can lead to success for others. It will certainly be my point of view, so please...don't take it "Bersonal".
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