Navigating The New DOL Fiduciary Rule
Hear from one of the plaintiffs in the lawsuit against the DOL, Eric Couch, as well as annuity industry experts on what the new rule will mean for you.
This is not just another regulatory update; it's a pivotal shift in how financial services must be conducted. Whether you are an independent insurance agent or an investment broker, your ability to continue practicing may depend on your understanding and adaptation to this rule.
What can you will learn in this event
Expert Insights on Navigating Regulatory Changes
The event features insights from industry veterans who explain the nuances of the fiduciary rule, its historical context, and practical steps agents can take to adapt. This includes understanding the rule's focus on retirement plan rollovers and how to properly document client interactions to meet fiduciary standards.
Impact of the New Fiduciary Rule on Insurance Agents
Attendees will hear
an in-depth analysis of how the new fiduciary rule will affect insurance agents, especially those dealing with qualified money. This includes understanding the shift from a best interest standard to a fiduciary standard, which now requires agents to document and prove their fiduciary actions.
Penalties and Compliance Challenges
The panel discusses the significant penalties for non-compliance with the fiduciary rule, such as policy rescission, excise taxes, and potential litigation. This emphasizes the importance of establishing robust compliance processes and potentially increased E&O insurance costs to mitigate these risks.
Become a part of The Producers Firm family
This event will equip you with the knowledge, tools, and strategies you need to expand your product offerings, deepen client relationships, and increase your revenue potential in the competitive insurance industry.
The drawbacks of not attending
Miss out on valuable insights, strategies, and best practices shared by industry experts regarding the incorporation of financial products into their offerings. This lack of knowledge can put you at a disadvantage compared to your competitors who do attend, as you may not be aware of the latest trends, regulations, or techniques for expanding your business.
In today's competitive market, staying ahead of the curve is essential for business success. By skipping the event, you may fall behind on your competitors who do leverage the knowledge, strategies, and insights gained from attending. This could result in missed opportunities for business growth, client acquisition, and revenue generation. Without staying informed and adapting to industry changes, you risk becoming stagnant and losing your competitive edge in the market.
