variable annuity sales are roughly five times more sensitive to brokers' financial interests than investors'. To help limit … conflicts of interest, the Department of Labor proposed a rule in 2016 that would hold brokers to a fiduciary standard when …We examine the drivers of variable annuity sales and the impact of a proposed regulatory change. Variable annuities are …

variable annuity sales are roughly five times more sensitive to brokers' financial interests than investors'. To help limit … conflicts of interest, the Department of Labor proposed a rule in 2016 that would hold brokers to a fiduciary standard when …We examine the drivers of variable annuity sales and the impact of a proposed regulatory change. Variable annuities are …

variable annuity sales are roughly four times as sensitive to brokers’ financial interests as to investors’. To help limit … conflicts of interest, the Department of Labor proposed a rule in 2016 that would hold brokers to a fiduciary standard when …We examine the drivers of variable annuity sales and the impact of a proposed regulatory change. Variable annuities are …

An annuity is an insurance contract where a person (the annuitant) pays a premium upfront to obtain a stream of future … payments until his or her death. To assess the value of an annuity, we calculate the ratio of the expected present value of … annuity income to the annuity premium − this is known as the Money's Worth (MW). The MW takes into account the expected …

that imposes on financial advisers to retirement savers “fiduciary” status under the Employee Retirement Income Security … Act. The Department reasoned that the fiduciary duty of loyalty was necessary to protect retirement savers from conflicted … investment advice. But in addition to a duty of loyalty, ERISA fiduciary status also imposes a duty of care or prudence. And with …