Final DOL fiduciary rule issued

April 6, 2016 by Arthur D. Postal

Insurers will be given greater latitude than initially forecast in selling proprietary products, such as annuities, into investment accounts under the final fiduciary standard, or Best Interest Contract (BIC) regulation published by the Department of Labor today.

However, an expert on retirement income legal issues is reacting with great caution to the revised rule.

C. Fred Reish, a partner in Drinker Biddle’s Employee Benefits & Executive Compensation Practice Group, says that while the DOL has made “significant changes” to the proposed rule, its structure is still the same. Click HERE to read more…

Originally Posted at LifehealthPro on April 6, 2016 by Arthur D. Postal.