DOL Developments - New Compliance Procedures for IRA Annuity Sales

Recently, the U.S. Department of Labor broadened its interpretation of who is considered a fiduciary which affects agents selling IRAs and other tax-qualified annuity products. In response, F&G is implementing new procedures. Please review our Agent Bulletin which outlines what this means for your business - including a new acknowledgement form and key dates to begin submitting the new form.

F&G has set up an information site to provide additional background as well as sample forms.

NAIC Annuity Best Interest Regulation – By State

As previously announced, several states have adopted the NAIC Suitability in Annuity Transactions Model Regulation incorporating best interest requirements. Review our state-specific bulletins for important dates for your state.

View NAIC Annuity Best Interest Regulation State Adoption Chart here.

Annual Advertising Bulletin & Ad Review Guidelines

F&G requires any advertisement specific to our company or products to be submitted prior to use. For 2022, we have revamped our guidelines to make it easier to follow. Thank you for helping us keep our marketing and sales activities compliant.

For financial professional use only. Not for use with the general public.

"F&G" is the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Life insurance and annuities issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.

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