Reuters logo
a month ago
BRIEF-Prudential Financial sees sales slowdown due to uncertainty of Labor Dept rule - webcast
June 6, 2017 / 3:12 PM / a month ago

BRIEF-Prudential Financial sees sales slowdown due to uncertainty of Labor Dept rule - webcast

1 Min Read

June 6 (Reuters) - Prudential

* Says it has seen "some slowdown in sales" due to "uncertainty" over implementation of the U.S. Department of Labor's fiduciary rule for retirement account advice - webcast

* Prudential says the "greatest uncertainty" about the rule has been in banks and wirehouses that distribute its products - webcast

* Prudential says two distributors won't participate in "best interest contract" provision of the Labor Dept fiduciary rule, but the impact is not "significant" - webcast Source text for Eikon: Further company coverage: (Reporting by Suzanne Barlyn)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below