DOL Fiduciary Responsibility and Potential Impact on Annuities

Report Summary

DOL Fiduciary Responsibility and Potential Impact on Annuities

Robert McIsaac
Head of Life Insurance, Annuities, & Benefits

March 2016 - The Department of Labor’s contentious fiduciary guidelines for advisors currently seem likely to be implemented this year. These guidelines will have significant effects on annuity providers’ compensation programs, compliance, distribution strategies, product development and product mix, as well as core systems needs and IT project prioritization.

While much of the impact will come in 2017 or later, carriers should be planning now, or risk being blindsided by more agile and more prepared competitors.

Table of Contents

  • Introduction...........................3
  • Preparing for Impact........4
  • Concluding Thoughts......5
  • About Novarica....................6
  • Authors......................................6

 

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