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Survey Finds Strong Consensus Among Financial Advisors on Fiduciary Standard for Insurance Products

New survey by DPL Financial Partners reveals strong consensus among financial advisors on the need for a fiduciary standard for insurance products. The survey also highlights the legal challenges facing the Department of Labor's Retirement Security Rule.

This news matters because it highlights the need for a fiduciary standard when it comes to insurance products, as indicated by the broad agreement among various types of financial advisors. The survey results also shed light on the challenges facing the Department of Labor's Retirement Security Rule, which has significant implications for the regulation of insurance brokers providing retirement investment recommendations.