- Of interest to Advisors
- Of interest to Consumers
Are You in Good Hands?
Dick’s recently published comments on the need for suitability and best interest standards for insurance producers coincides with New York Insurance Regulation 187 and the CFP Board’s update to its fiduciary standards. Read the full here.
An interview with Dick Weber: “Everything Brokers and their Clients need to know about IUL and the new illustration regulations”
Regulation? WHAT regulation?! NAIC’s AG49 went into effect Sept. 1, 2015 for all Index UL policies sold on or after that date. It’s a “guideline” – which means became effective without any further discussion once the NAIC’s Plenary voted for it. For brokers, the impact is that policy illustrations may not be calculated with crediting
There is much to criticize about the heavy-handedness of DOL’s final regulations issued on April 6, 2016. The core purpose of these rules is to change how advisors and agents get paid, effectively all but eliminating current commission models. But I believe there IS a pony at the bottom of the pile under the Christmas