Analyst: Insurers ‘Behind’ on DOL Fiduciary Prep
April 29, 2016 by John Hilton
Insurers are “a little behind the curve” on preparations for the forthcoming Department of Labor fiduciary rules, a leading analyst said Thursday.
Fred Reish, a partner at Drinker Biddle & Reath in Los Angeles, spokes during a webinar on the fiduciary regulations. The firms dealing with qualified retirement funds — broker-dealers, insurers, RIAs and others – need to get moving if they plan to meet the initial April 2017 deadline, he said.
“I don’t think (insurers) quite realize the impact this is going to have,” Reish said. “So for insurance products, they might be a little bit later. They’re waiting for feedback from the broker-dealers on what the broker-dealers want.” Click HERE to view full article. INN news articles may require a subscription to view
