Principal Financial: Changes to Agent Comp in the Works

May 3, 2016 by Cyril Tuohy

Principal Financial will continue moving toward levelized compensation in the wake of the Department of Labor’s fiduciary rule, company CEO Daniel J. Houston said.

Agents and advisors affiliated with Principal Financial Group selling the insurance company’s proprietary products will be seeing changes to their compensation, insurance company executives said last week.

Independent agents selling products and services developed by the Des Moines-based insurance and retirement company will also see changes to the way they are paid, company executives said in a conference call.

Details of the changes, also known as “comp-leveling,” were not made public. Click HERE to view article. INN news articles may require a subscription to view.

Originally Posted at InsuranceNewsNet on May 2, 2016 by Cyril Tuohy.