Fiduciary Rule Roils Sales Channels
April 14, 2016 by Cyril Tuohy
Advisors still have a year before they must follow the code of fiduciary conduct for retirement accounts required by the last week’s Department of Labor’s rule. But there’s no doubt that changes in the regulations governing compensation will affect how and what distributors decide to sell.
And don’t forget that the Conflict of Interest rule doesn’t eliminate commissions, bonus trips, trail fees, revenue sharing and other “conflicted compensation,” so long as the advisors comply with prohibited transaction exemptions to continue to receive commission.
Click HERE for an early look at how the rule might affect different distribution channels.
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Originally Posted at InsuranceNewsNet on April 14, 2016 by Cyril Tuohy.
Categories: Industry Articles
