NAIFA survey: Fiduciary rule likely to reduce retirement advice

September 20, 2016 by LifeHealthPro Editors

A survey by the National Association of Insurance and Financial Advisors of its members finds that many advisors believe the Department of Labor’s fiduciary rule affecting retirement products and services will damage their ability to serve their clients, particularly those who are lower- or middle-income clients.

According to the survey of 1,167 NAIFA members, more than 62 percent say the DOL rule will probably force them to stop serving some or all of their clients. An additional 11 percent say they are unsure whether the rule would force them to stop serving clients.

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Originally Posted at LifeHealthPro on September 18, 2016 by LifeHealthPro Editors.