Software pundit: Plan for a total IT overhaul after DOL rule

October 7, 2016 by Warren S. Hersch

Among the various issues engendered by the Department of Labor’s fiduciary rule, one is especially concerning to insurers, advisors and intermediaries in the distribution chain: What will the rule mean for the industry’s massive information technology infrastructure?

Will software and systems need to be tweaked, retrofitted or replaced? What are the stumbling blocks to surmount in transitioning to a DOL-compliant IT architecture? Do market stakeholders have the financial wherewithal to meet the DOL’s January 1, 2018 deadline?

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Originally Posted at LifeHealthPro on October 7, 2016 by Warren S. Hersch.