‘Major changes’ required of producers under DOL fiduciary rule: analyst

April 30, 2024 by John Hilton

It will require “major changes” from insurers on down for independent producers to get into compliance with the Department of Labor’s new fiduciary mandate by September, a leading analyst said.

One day after the DOL unveiled its new Retirement Security Rule – which extends a fiduciary duty to sales of financial products with qualified money – initial analysis of the 476-page rule focused on changes.

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Originally Posted at InsuranceNewsNet on April 25, 2024 by John Hilton.