Critics Blast ‘Weak’ CA Best Interest Bill Speeding Toward Passage

Life Annuity Specialist || By Warren S. Hersch || January 19, 2019

Consumer advocates accuse state regulators of rushing passage of a “Frankenstein’s monster” largely written by the industry.

Consumer advocates are pushing back against efforts to fast-track enactment of a California bill that its supporters pitch as a best interest standard for individual annuity sales.

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