CFP Board reminds advisors of the differences between fiduciary and best interest
December 19, 2023 by John Hilton
As more states rush to adopt best-interest annuity sales standards, the Certified Financial Planner Board of Standards is reminding advisors that it has a higher standard.
The CFP Board’s Code of Ethics and Standards of Conduct takes precedence over the best-interest regulation created by the National Association of Insurance Commissioners. Forty-seven states have either adopted or are in discussions to adopt the NAIC best-interest model.
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Originally Posted at InsuranceNewsNet on December 14, 2023 by John Hilton.
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