To help us better understand how the Department of Labor's Fiduciary Rule for retirement advice impacts your agency and the membership, we ask you to please answer two important questions in our survey. 

TAKE OUR BRIEF SURVEY

The DOL Fiduciary Rule went into partial effect on June 9 and is scheduled to go into full effect on Jan. 1. The Trump Administration is currently considering potential amendments to the rule and is soliciting feedback on the impacts of the rule. 

The federal rule generally requires insurance agents who give "retirement advice" to adhere to a fiduciary standard of care. It is set of a heightened legal standards requiring agents and brokers to act in the best interest of their clients.

Generally speaking, the rule effects advice offered in connection with the sale of both financial products (e.g. mutual funds) and insurance products (e.g. annuities) if the products are being sold in connection with covered retirement accounts (e.g. IRAs). The rule also impacts advice related to Health Savings Accounts (HSAs) if there is an investment component. The rule does not impact traditional P&C products.

LEARN MORE about the fiduciary rule