DOL Issues Fixes To Conflict Of Interest Rule
July 11, 2016 by Cyril Tuohy
Department of Labor regulators Thursday clarified a rule tightening investment advice standards to allow insurance companies to continue to sell life insurance and annuities into retirement accounts under an exemption.
The exemption, known as the Best Interest Contract Exemption, allows certain fiduciaries to receive compensation that may otherwise be barred.
Clarifications, or technical amendments, were included among 48 pages of changes posted to the Federal Register’s website. Click HERE to view the full article.
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