Commentary: Your Annuity Clients Probably Want You To Be A Fiduciary
January 25, 2022 by Paul McGillivray and Ryan Brown
The 2020 U.S. Department of Labor Fiduciary Rule (DOL 3.0) now applies to all IRA-to-IRA rollovers. It applies to IRA rollovers from 401(k) and other qualified assets, too. This rule hits 50% or more of most insurance agents’ annuity sales.
The DOL has reinterpreted its existing rollover rule for ERISA plan and IRA assets. DOL 3.0 now applies to IRAs. Click HERE to read the full story via INN
Originally Posted at InsuranceNewsNet on January 19, 2022 by Paul McGillivray and Ryan Brown.
Categories: Industry Articles