August 2019 - Lockton Affinity Advisor

New York Introduces Best Interest Standard for Annuity Sales

Individual states continue to introduce their own rulings, following the SEC Regulation Best Interest ruling. The new requirements under Regulation Best Interest and the disclosure requirements on broker-dealers and investment advisors will take effect on September 10, 2019. As of August 1, New York financial professionals have another set of requirements to comply with, as New [...]

By | August 22nd, 2019|Industry Information, Life Agents|0 Comments

Fiduciary Rule and Its Effect on Financial Professionals—Part IV: Individual State Rulings

A fiduciary rule proposed by the U.S. Department of Labor (DOL) in 2010, has left the industry in flux ever since. With the goal of protecting consumers from conflicting financial advice, the rule has been in debate since 2016. It has been phased in, withdrawn, voted on, vetoed, reviewed and revised. This series addresses the [...]

By | August 13th, 2019|Industry Information, Life Agents, RIA|0 Comments