Insurance Agents Might Already Be Fiduciaries

July 31, 2018 by John Hilton

Insurance agents might be fiduciaries and not even realize it.

The Department of Labor fiduciary rule is dead, but financial professionals selling products to retirement accounts need to be aware of new interpretations of the “five-part test” standard.

That standard is once again the law for sales involving qualified money, said Bradford P. Campbell of Drinker Biddle & Reath. But the standard is being viewed differently now, he added.

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Originally Posted at InsuranceNewsNet on July 27, 2018 by John Hilton.