DOL Fiduciary Rule Add-On Could Boost Annuity Distributors’ Clout

April 30, 2024 by Allison Bell

An extension of the Labor Department’s new retirement investment advice fiduciary definition could make annuity distributors more powerful than ever.

Labor Department officials talk about the wholesalers’ future role in the final version of the Prohibited Transaction Exemption 84-24 update, which appeared today in the Federal Register, an official government regulatory publication.

Click HERE to read the full story via Think Advisor. 

Moore on the Market: Duh.

It is the role of the field marketing organization/brokerage general agency to train and oversee insurance agents.

Thanks for the insight, U.S. Department of Labor. -sjm

Originally Posted at Think Advisor on April 25, 2024 by Allison Bell.