Credit Suisse cites impact of fiduciary rule on insurers

July 21, 2015 by Arthur D. Postal

The comment period closes today (Monday) on a regulation proposed by the Department of Labor that, if imposed in its present form, would have a sweeping impact on insurers, agents and advisors.

The DOL expects thousands of comment letters, and insurers and agents, as well as industry lawyers and trade groups, have been working on comprehensive letters since the 900-page proposal was first published for comment in April.

For example, in a virtually unprecedented move, the American Council of Life Insurers announced Friday that it will hold a teleconference Wednesday to explain to reporters its decision to brief them on the implications of the rule. Click here to read…

Originally Posted at LifeHealthPro on July 20, 2015 by Arthur D. Postal.