This report is based on a survey of how bank-owned and 3rd party broker dealers planned to adapt product menus under the Department of Labor’s Fiduciary Standard for retirement accounts. Twenty firms—encompassing over 6,000 advisors—participated.
Because of the heightened interest in the future of index annuity sales in banks and credit unions, Kehrer Bielan undertook an analysis of:
- Whether firms plan to offer index annuities in retirement accounts,
- The sales compensation they expect; and
- Whether they will offer index annuities with different commission options or levels.
What they said has important implications for product design and marketing.
Selling Index Annuities under the DoL Rule
Bank of Oklahoma
Bank of the West
CUNA Brokerage Services, Inc.
CUSO Financial Services