Life Agents Archives - Lockton Affinity Advisor

Why Today’s Financial Professionals Need Errors and Omissions Liability Insurance

While all investments involve risk for the investors, a considerable risk also exists for the financial professionals who provide services to those investors. Even if you are extremely diligent in the exercise of your duties and enjoy great relationships with your clients today, you could still face a stressful claim or costly litigation from an [...]

By | September 19th, 2019|Insurance Information, Life Agents|0 Comments

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 It has been phased in, withdrawn, voted on, vetoed, reviewed and revised.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

Fiduciary Rule and Its Effect on Financial Professionals—Part III: What to Do as a Financial Professional

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 It has been phased in, withdrawn, voted on, vetoed, reviewed, revised and, at present, left to [...]

By | July 19th, 2019|Industry Information, Life Agents, RIA|0 Comments

Fiduciary Rule and Its Effect on Financial Professionals—Part II: Where It Stands Today

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 It has been phased in, withdrawn, voted on, vetoed, reviewed, revised and, at present, left to [...]

By | June 7th, 2019|Industry Information, Life Agents, RIA|0 Comments

Fiduciary Rule and Its Effect on Financial Professionals—Part I: Origins

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, revised and, at present, left to [...]

By | May 2nd, 2019|Life Agents, RIA|0 Comments