FACC is pleased with and grateful for Judge Kernodle’s decision to stay the DOL’s rule.

It is clear that Judge Kernodle examined the issues carefully and found DOL’s new fiduciary rule to be irreconcilable with the Fifth Circuit decision and with ERISA.

FACC stands ready to ensure the rule is ultimately vacated and upheld as necessary through any appeals.

This decision is a victory for thousands of independent agents and millions of consumers who benefit from the wide range of valuable annuity products available through a competitive marketplace.

FACC knows that its work continues but today we celebrate this outcome proving our legal system works and ensuring independent agents have the freedom to serve their clients.

READ ORDER