Kansas Strengthens Protections for Annuity Consumers
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American Council of Life Insurers (ACLI) President and CEO
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"Unlike a fiduciary-only approach, these measures ensure that all savers, particularly financially vulnerable middle-income Americans, can access information about different choices for long-term security in retirement. In a recent survey (https://www.acli.com/posting/nr23-037), retirement savers overwhelmingly said they want the option to work with any type of financial professional who is offering products and services that meet their needs.
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"We urge every state to adopt these enhanced protections so that all consumers, regardless of where they live, can benefit from a best interest standard of care."
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Original text here: https://www.acli.com/posting/nr23-043
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