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ACLI Moves Closer to Fiduciary Lawsuit
May 11, 2016
Americans for Annuity Protection continues to work with its key contacts on litigation and legislation efforts to fix the damaging DOL requirements that will harm retirement savers. We are pleased to share this report from Insurance News Net and will continue our efforts to change the outcome and ensure annuities remain accessible and affordable for all Americans.
John Hilton reports…
The American Council of Life Insurers moved one step closer to a legal challenge of the controversial Department of Labor fiduciary rule.
“The ACLI Board of Directors has approved exploring the details of a legal challenge to the Department of Labor’s fiduciary regulation,” spokesman Jack Dolan said in a statement. “ACLI will make strategic decisions based on further direction given by our member companies.”