Fiduciary rule could spur innovation

September 27, 2016 by Kristen Beckman

The DOL fiduciary rule is likely to be a disruptive force within the insurance and financial industries during the next several years. Panelists during a session Monday at the Insured Retirement Institute’s Vision annual conference in Colorado Springs explored some of the possible outcomes of the rule.

While industry players are still absorbing the language and nuances of the rule as well as the practical impact on their operations, the potential for class-action lawsuits was top of mind for panelists.

“Trust me, they will come,” said Bernie Gacona, senior vice president and director of annuities for Wells Fargo.

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Originally Posted at LifeHealthPro on September 27, 2016 by Kristen Beckman.