In this paper, Distribution Disruption: Impacts of the Department of Labor Fiduciary Standard for US Life Insurers, we summarize our views which we have validated through a series of interviews and discussions with a cross-section of industry leaders and subject matter experts. We believe that insurers should be considering the standard carefully, quantifying exposures under a range of impact scenarios and developing strategic plans around portfolio strategy, distribution and product innovations.
Authors:
Mick Moloney – Partner in the Americas Insurance Practice
Ramy Tadros, – Partner and Head of the Americas Insurance Practice
David Clarkson – Partner in the EMEA Wealth & Asset Management Practice
Anthony Bice – Partner in the Australia Insurance Practice
The Department of Labor’s latest proposal to expand the definition of a fiduciary under the Employee Retirement Income Security Act (ERISA) will cause significant disruption to the advice landscape surrounding 401K rollovers and IRAs and will have substantial knock-on effects for retail insurance distribution channels generally.
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- Mergers And Acquisitions
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