New annuities sparked by fiduciary rule ‘disruption’

Joe Heider, president of Cirrus Wealth Management, is included in Tobias Salinger’s Financial Planning article discussing the emergence of new annuity products in an effort to reverse the decline in sales since the fiduciary rule took effect. “Variable sales will rebound as interest rates increase, particularly in low-cost products with tax deferral and buggers against downside,” he says.