DOL Rule Heralds New Era in Distribution
February 8, 2016 by Cyril Tuohy
The Department of Labor rule designed to corral conflict of interests among financial advisors will likely lead to new ways of distributing insurance products into qualified retirement plans, say insurance carrier executives.
The comments, gleaned from earnings calls with analysts last week, suggests a brighter and more optimistic picture of how the industry will adapt. The controversial rule drew the ire of industry lobbyists and advisors when it was initially published last year.
Instead of advisors heading the for the proverbial career exit in the wake of sagging sales, carriers and distribution partners seem to be poised to find innovative ways to sell more financial products through qualified retirement plans. Click HERE to view article
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