3 Big Gaps in the DOL’s Case for Its New Fiduciary Regs

May 30, 2024 by Allison Bell

Officials at the U.S. Labor Department don’t seem to want to use their new retirement investment advice fiduciary definition to destroy the lives of commissioned agents who sell annuities and life insurance.

They say, over and over again, in the introduction to the Retirement Security Rule and in a separate, related set of guidelines for insurance agents, that insurance agents perform useful work, that commission-based compensation is fine, and that carefully structured training trips could be fine.

Originally Posted at Think Advisor on May 28, 2024 by Allison Bell.