The long-awaited rule imposes fiduciary duties on investment advice on fixed index annuities (FIAs), citing ‘complexity’.

The US Department of Labor (DOL) today (25 April) has released its new fiduciary rule - the Retirement Security Rule – which will impact a wide range of retirement plans including fixed index annuities (FIAs), the fastest growing structured product which have benefitted from the high interest rate environment over the past two years.  The new guidance aims at protecting millions of investors saving for retirement who 'rely on advice from trusted professionals on how to invest their