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