The LIMRA LOMA Secure Retirement Institute has launched an online training program about the Department of Labor's fiduciary rule and its implications for client-facing professionals, both employee and contracted.
"Fiduciary Education for Sales and Service Professionals" offers a self-paced online curriculum aimed at all client-facing employees, including registered representatives, investment advisor representatives, insurance agents, wholesalers, contact center representatives and service personnel.
The program is comprised of a base course and role-specific courses for both fiduciary and nonfiduciary roles. The base course explains the DOL fiduciary rule and the Best Interest Contract Exemption (BICE), using realistic scenarios to illustrate how to remain compliant under the new regulatory environment.
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