Related Content
The Depository Trust and Clearing Corporation (DTCC) was out front this year, helping the insurance
industry address new data management challenges posed by a forthcoming federal
mandate regarding “fiduciary” advice for retirement investments. The mandate,
known as the fiduciary rule, aims to discourage the use of high-cost, commission-based
investment products and requires any advisor providing advice on IRA and 401(k)
accounts to make investment recommendations that are in the client’s best
interests.
The Depository Trust and Clearing Corporation (DTCC) was out front this year, helping the insurance
industry address new data management challenges posed by a forthcoming federal
mandate regarding “fiduciary” advice for retirement investments. The mandate,
known as the fiduciary rule, aims to discourage the use of high-cost, commission-based
investment products and requires any advisor providing advice on IRA and 401(k)
accounts to make investment recommendations that are in the client’s best
interests.
Collaborating with industry participants, DTCC’s Insurance
& Retirement Services (I&RS) has created a new service, DTCC Insurance
Profile, that can make it easier for insurance carriers and distributors to
collect and report the fee, commission and expense data needed for disclosure
as the industry moves toward a fiduciary standard for retirement-savings
advice.
In this article in Investment
News, Ann Bergin, DTCC Managing Director and Head of Wealth Management
Services, describes the industry’s fiduciary-related data needs and DTCC’s
automation solution.
Related Content
The Depository Trust and Clearing Corporation (DTCC) was out front this year, helping the insurance
industry address new data management challenges posed by a forthcoming federal
mandate regarding “fiduciary” advice for retirement investments. The mandate,
known as the fiduciary rule, aims to discourage the use of high-cost, commission-based
investment products and requires any advisor providing advice on IRA and 401(k)
accounts to make investment recommendations that are in the client’s best
interests.