New York Life comments on DOL fiduciary rule
We appreciate that policy makers at the Department of Labor and in Congress, on both sides of the aisle, shared our concerns about the rule’s impact on middle class Americans saving for retirement. Based on our initial review, the new rule includes positive changes that will enable our 12,000 New York Life agents to continue providing middle income Americans with insurance products that provide guaranteed income and peace of mind. However, implementation remains a significant undertaking and we will continue analyzing the rule and looking for further guidance from the DOL to understand its full impact. We have always worked in the best interest of our clients and will continue to do so.