DOL 101: The fiduciary rule’s impact on IMOs: OPINION
July 12, 2016 by Kevin W. Mechtley, J.D.
The Department of Labor’s fiduciary rule is the most significant industry game-changing development we have seen since the tax reform to annuities in the early 1980s. As an annuity compliance expert with a leading consulting company, the biggest question I receive these days is: “How do I comply?” Even though I’d like to have a panacea response, my answer is often the same: “It depends.”
Every company, distributor and producer is in a unique position under this rule, and compliance answers will vary based on the licenses a producer carries, the types of annuity products manufactured and the role served by the distribution firm. Click HERE to read more... Lifehealthpro articles may require free sign-in to view.