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ACLI Focused On ‘The Big Picture’ When It Comes To Regulation
Industry watchers have plenty to keep their eyes on when it comes to the threat of regulation disruption.
But all of that activity, at both the state and federal levels, is seemingly trending in a very good direction, said Jim Szostek, vice president and deputy, retirement security, for the American Council of Life Insurers.
Szostek is part of the all-ACLI panel discussion, The Big Picture: Regulatory and Legislative Landscape in 2021 on Monday afternoon at the virtual Life Insurance Conference from LIMRA, LOMA and LL Global.
The direction is toward best-interest rules for annuity sales a compromise between the tough fiduciary standard that registered investment advisors adhere to, and the suitability standard that regulators say is no longer sufficient.
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