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Industry Coalition Supports Alternative Approach to Best Interest

Fixed Annuity Group Proposes Revisions to Model Annuity Disclosure Regulation Phoenix, AZ, 1BOctober 10, 2018 – The Fixed Annuity Consumer Choice Campaign (FACC) today released its proposal to require stronger disclosures including a client relationship summary and producer compensation notice. The group contends the best interest proposals currently under consideration

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FACC CAMPAIGN PROPOSES NEW CONSUMER PROTECTION STANDARDS

Members of the FACC Campaign have been working to develop an alternative to the NAIC Suitability Working Group’s proposal to regulate a best interest standard that is stronger for consumers by protecting their access to affordable insurance representation. 

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