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A host of insurers tried to weaken a proposed rule revision by New York state that would protect consumer from inappropriate sales practices involving retirement savings products. So reports Politico.

The rule, however, ended up stating that sales representatives can only consider customers’ best interests when recommending annuities or life insurance.

The insurers involved include MassMutual, Pacific Life, Prudential and others.

Read the full article from Politico.

Last modified on Saturday, 19 January 2019
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