DOL’s fiduciary regs may be especially bad for insurance BDs

January 7, 2016 by Warren S. Hersch

If the conflict of interest rule in the Department of Labor’s proposed fiduciary regulations is implemented as now drafted, in-house broker-dealers of life insurers face the highest level of fiduciary risk among all advisor channels.

That’s the sobering finding of a 4^thquarter, 2015 report of Cerulli Associates, “The Cerulli Edge: Retirement Edition.” The research explores the implications of the DOL’s April 2015 draft rule, which endeavors to impose a fiduciary standard of care on broker-dealers industry-wide. Click HERE to read article 

Originally Posted at LifeHealthPro on January 6, 2016 by Warren S. Hersch.