John Rodgers, Senior Managing Director and Chief Operating Officer at SSA & Company, was quoted in Financial Advisor on challenges for life insurers. John makes the point that the Department of Labor regulations could have an adverse impact on agents’ ability to sell certain products–possibly leading to fewer choices. “Now there’s added fiduciary responsibility for their agents to their clients. The agents aren’t in a position to be experts on competitive products, only their own,” says John. Yet, John does not believe that President-elect Donald Trump will overturn the fiduciary ruling. With insurance constantly evolving, companies must be prepared to grapple with new rules and new complexities.
John Rodgers is Senior Managing Director and Chief Operating Officer at SSA & Company. Read the full article here.