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DOL Fiduciary Rule

DOL Fiduciary Basics for Employees

Available for Corporate Purchase

Course Type: Short Online Course
Topics: Compliance & Legal, Financial Services & Financial Planning, Retirement & Annuities
Language: English



Overview

Is your company asking, “How do we get everyone in our organization up to speed on this new rule?”

It's a primary concern being heard from our members. And that's why the LIMRA LOMA Secure Retirement Institute is developing DOL Fiduciary Basics for Employees, a new course that is suitable for everyone within an organization.

As your trusted source for industry knowledge, we will provide an unbiased, simple explanation of what the rule means to your company and your employees.

Highlights

Why is this course important?

  • Provides foundational knowledge about the rule
  • Establishes a common language and understanding within the organization
  • Helps employees understand the operational changes the company is making to comply with the new rule

What is different about this course?

  • Content and multi-media scenarios are presented in an engaging, interactive design
  • Short lessons can be easily integrated with company-specific training and education
  • Flexible accessibility through mobile devices, tablets, or PCs
  • Packaged for cost-effective, enterprise-wide distribution
 

Learning Objectives

Learners who complete this course will be able to

  • Explain how companies, advisors, and employees may be affected by the Department of Labor (DOL) fiduciary rule
  • Describe how the DOL rule defines fiduciary responsibility
  • Compare the treatment of conflicts of interest under a fiduciary standard and a suitability standard
  • Describe how advisors can receive variable compensation under the DOL rule
  • Explain the requirements of the best interest contract (BIC) exemption
  • Identify situations in which the BIC exemption may be used
  • Explain how service providers may be affected by the DOL rule
  • Define “advice” and identify situations that are and are not examples of advice under the DOL rule
  • Explain how the DOL rule may affect registered investment advisors (RIAs)
  • Describe how the DOL rule may affect the sale of annuities
Find Out More

Topics

  • What is the new fiduciary regulation and why should I care about it?
  • The Department of Labor is regulating investment advice? Why not the SEC?
  • What is a fiduciary?
  • Why is the DOL changing the rules?
  • Didn’t we already have a fiduciary rule?
  • What’s the difference between a fiduciary standard and a suitability standard?
  • How can retirement investment advisors receive variable compensation under the new regulation? (All about the BIC exemption).
  • What other types of compensation require BIC exemption?
  • I talk to customers, but I'm not an advisor. Does the regulation affect me?
  • What qualifies as retirement investment advice?
  • Does the regulation affect registered investment advisors (RIAs)?
  • How does the rule affect annuities?
  • What are the key points to remember about the DOL fiduciary rule?
DOL Fiduciary Basics for Employees is delivered in 13 short multimedia vignettes, each being several minutes in duration. The course content has been created assuming the learner has no background knowledge on the DOL Fiduciary Rule. And like all our courses, DOL Fiduciary Basics for Employees has been reviewed by a panel of industry experts and reflects the best thinking of the industry.

At this time, DOL Fiduciary Basics for Employees is available exclusively as an enterprise-wide solution. If you are interested in the course for your company, please contact us for info about pricing and deployment.


    LIMRA and LOMA are working to make sure you have the knowledge and insights your company needs to transition to this new regulatory environment.

See the Course Video
DOL Fiduciary Basics for Employees
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