DOL fiduciary rule proposal to restrict, ban some producer compensation
April 8, 2024 by John Hilton
For an industry that has struggled mightily at times to attract producers, the changes to compensation accompanying the new Department of Labor fiduciary rule are no small concern.
Repeated studies show a very high attrition rate for insurance producers entering the business. It adds up to “a dying distribution” system, said Sheryl Moore, CEO of Moore Market Intelligence and Wink, Inc.
Click HERE to read the full story via INN
Wink’s Moore on the Market: My good friend John Hilton at InsuranceNewsNet had some questions about the U.S. Department of Labor‘s fiduciary rule.
Do I think that it could be devastating to our business?
I do.
That said, I also think that we are one heckuva resilient bunch! We will ride the waves, and come-out on top.
Check out our video! -sjm
