two people looking at calendar on laptop As if brokers didn't already have enough on their plates this fall, the requirement goes into effect in just over a month. (Photo: Shutterstock)

In recent years, a growing contingent of benefits brokers and consultants have been advocating for greater transparency into how they get paid. And the federal government has agreed with them, including a provision in the Consolidated Appropriations Act of 2021 requiring that brokers begin disclosing compensation and commissions to their employer clients.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Emily Payne

Emily Payne is director, content analytics for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.