Axa Official: Chamber ‘Will Bring Litigation’ Against DOL Rule

You should count the number of times you hear the word "fiduciary" at the #RetireConf. Over/Under is set at 400. https://t.co/IR8gHuoAGo

— Kevin Mechtley (@AnnuityLife) May 5, 2016

The @USChamber "is going to bring litigation" against the DOL #Fiduciary rule, says Nick Lane of @AXA. #RetireConf

— InsuranceNewsNet (@InsNewsNet) May 5, 2016

Scott Stolz says @RaymondJames has told manufacturers to"be prepared" to give them 2 diff prods around fee and commission basis. #RetireConf

— InsuranceNewsNet (@InsNewsNet) May 5, 2016

Where do IMOs fit in #Fiduciary rule? Jim Jorden asks. Some think IMOs should be designated as financial institutions. #RetireConf

— InsuranceNewsNet (@InsNewsNet) May 5, 2016

Always a strong demand for good advisors, says Nick Lane of @AXA. Adds as a life NY Jets' fan, he is optimistic by nature. #RetireConf

— InsuranceNewsNet (@InsNewsNet) May 5, 2016

Jim Jorden of @CarltonFields says #Fiduciary rule BIC leaves advisors vulnerable to class-action lawsuits. #RetireConf

— InsuranceNewsNet (@InsNewsNet) May 5, 2016

Jim Jorden of @CarltonFields says DOL study offered no conclusions on #Fiduciary rule impact on ind #Insurance agents. #RetireConf

— InsuranceNewsNet (@InsNewsNet) May 5, 2016

Likely a period where annuity sales "drop dramatically," says Scott Stolz, but will bounce back. Pricing will improve. #RetireConf

— InsuranceNewsNet (@InsNewsNet) May 5, 2016