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Advisor Interest in Regulatory Training Growing

The advent of the Department of Labor’s (DOL) fiduciary rule has already been having results, and more than half a year before implementation. The latest sign of its potency: advisor interest in training about regulations.

That interest is up sharply, says the LIMRA Secure Retirement Institute in a recent study. LIMRA says that 40% of advisors say they want training concerning regulatory issues. Five years ago, says LIMRA didn’t even ask them about it.

And advisors evinced interest in retirement that runs deeper than what they need to do to comply with regulations: interest in Social Security claiming strategies is 12 percentage points higher than in 2011. Nearly half of the 1,000 advisors LIMRA surveyed are interested in those strategies.