Industry girds for DOL fiduciary rule
February 4, 2013 by Arthur D. Postal
Insurance agents and brokers are awaiting with bated breath a revised proposal from the Department of Labor (DOL) that would establish new rules for sale of investment products to beneficiaries of company-sponsored retirement plans and IRAs.
The industry universally fears that such a regulation, if finalized, would eliminate commissions as a source of broker-dealer compensation for such accounts.
They believe that this would potentially “price out” the majority of American IRA holders from affordable financial advice. Click here to read…
Originally Posted at LifeHealthPro on January 29, 2013 by Arthur D. Postal.
Categories: Industry Articles