If you missed DTCC’s webinar, The DOL Fiduciary Rule: Insight into an Insurance Industry Solution, it is available now for viewing. Simply click here to access the recording.
The webinar features a panel of speakers representing insurance carrier and distributor viewpoints who share their perspectives on the industry’s challenges in addressing the rising demand for data transparency, including meeting standards for collecting and reporting commission schedule, fee and expense data as specified in the fiduciary rule. Webinar attendees also weigh in with their concerns and priorities, via real-time polling we conducted during the event and a Q&A period at the end.
DTCC Insurance & Retirement Services (I&RS) has worked with the industry to address many of the data challenges discussed in the webinar, by developing a new tool designed to help firms make their commission schedule, fee and expense data easily accessible. The tool, Insurance Profile*, features user-friendly, automated data collection and reporting functions. Even if fiduciary rule provisions are revised by the new administration or its implementation delayed, investors will continue to seek transparency around the fees and commissions they pay for retirement investment advice. This demand, in turn, will drive the need for the automated data sharing and retrieval functions Insurance Profile offers to insurance carriers and distributors. Click here to read more about Insurance Profile.