Special News Update - DOL Delayed

In an expected move, the Department of Labor (DOL) announced earlier today a delay of the Fiduciary Rules April 10th implementation date to June 9th, 2017.

The 60-day delay will allow the DOL to further conduct research and studies, as instructed by the White House, to determine whether or not the rule in its current form will harm consumers planning for retirement by a) reducing or eliminating access to critical retirement savings products, b) disrupting the retirement services industry adversely affecting investors or c) cause an increase in litigation leading to a rise in costs borne by investors and retirees wanting to gain access to retirement services.

At present time, most - if not all - carriers that LifePro represents have indicated business will remain as usual throughout this period and no severe product, process or compensation changes will occur.

We will continue to monitor and communicate the DOL’s findings and notices to ensure you are best prepared to continue to serve and add value to your clients.

For more information, please view NAIFA's publication by clicking here.

As always, thank you for your business, your partnership and your trust.

About Ben Nevejans

Ben Nevejans is the President at LifePro. He leads a team of highly intelligent, energetic and engaged individuals dedicated to the success and profitability of their customers – the independent insurance licensed financial professional.

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