DOL “Fiduciary Rule” Consulting
First Consulting has extensive expertise in the Department of Labor’s new “Fiduciary Rule” and offers several services to assist with the implementation process. Regardless of whether you are a large annuity carrier, small fraternal carrier, IMO, independent agent or anything in between, we have specific services geared to your company and practice area.
DOL “Fiduciary Rule” Services offered include:
- DOL “Fiduciary Rule” Consulting
- Specific impact of the rule on your business
- Competition analysis and how your products fit in the market
- Development of implementation strategy
- Training
- DOL “fiduciary” training for producers, in-house marketers, management, and Board of Directors
- Product Drafting/Filing
- Re-tooling existing products and drafting new products to comply and compete under the new Rule
- Putting First Consulting’s filing expertise to work for you to get products to market
- Policies and Procedures
- Revising and creating new policies and procedures (both internal and external)
- Operational Compliance
- Risk management assessments
- Revisions to current infrastructure with least amount of interference
- Help identifying and creating new “BICE Officer”
- New Compliance Document Drafting
- Assistance drafting new point-of-sale forms and disclosures
- Assistance drafting and revising suitability/compliance/agent guides
With our Co-Sourcing philosophy, each of these services can be custom tailored to best fit your organization’s specific needs. Partner with an industry leader that is uniquely aware of the insurance and distribution impact of this rule and its effect on the marketplace. We want to be your first call for DOL Rule questions!
Contact Us to learn more on how utilizing First Consulting’s experience can help your Company in the short and long term.