A new LIMRA Secure Retirement Institute survey finds that 55 percent of retail advisors believe they will have to drop or turn away small investors and half will stop handling small rollover business when the Department of Labor’s proposed fiduciary rule is implemented.
Advisors tell LIMRA: The proposed DOL Fiduciary rule will hurt their practice and small investors. 6 in 10 advisors anticipate it will have a net negative impact on their practices. More than half say they will be forced to drop or turn away small investors.
LIMRA Survey: 7 in 10 of Employee Benefits Advisors Make Shocking (Not) Prediction of Negative Impact on Group Medical Insurance Sales due to ACA
Seventy-two percent of surveyed members of LIMRA's Employee Benefits Advisor Panel predict that health care reform will have a negative impact on sales of group medical insurance.
- Industry Trends
- Distribution Channels
- Full Service Broker-Dealer
- Independent Broker-Dealer
- Registered Investment Advisor (RIA/IAR)
- Agency Building
- Multiple Line Exclusive Agency (MLEA)
- Independent Agency/Brokerage
- Private Employers
- Public Employers
- Small Businesses
- Workplace Benefits
- Insurance Products
- Dental Insurance
- Disability Insurance
- Health Insurance
- Long-Term Care Insurance
- Medical Insurance
WINDSOR, Conn., July 12, 2010—LIMRA and Socialware have formed a strategic partnership, enabling the two organizations to work together in helping the financial services industry understand and address social media opportunities, risks and implications.
LIMRA research shows Americans’ top financial concern is affording a comfortable retirement and access to a workplace savings plan is the most effective way to get people to start to save for retirement. However when it comes to small businesses (2-99 employees) only 42 percent offer retirement benefits – either along with insurance benefits or alone.
DOL News: April 4, 2016 Solutions Please Note: These links will take you directly to the homepage of the website that features the article. To reach the article directly, copy and paste the article title into the search feature on the homepage of the publication website. Bond sho
For the consumer, investment options continue to grow, especially with the likes of robo-advisors taking center stage within the financial services industry. Take a look at how consumers view this new type of innovation — and what they think about it.
A new LIMRA Secure Retirement Institute study finds that two thirds (66 percent) of women who work with a financial advisor want to stay with that advisor for the rest of their lives.