To Offer Training Developed with the Support of More than 800 Industry Professionals
WASHINGTON, D.C., October 3, 2016 – The Insured Retirement Institute (IRI) today announced its plans to unveil training platforms designed to help financial professionals and home office personnel comply with the Department of Labor’s (DOL) fiduciary rule.
IRI is partnering with RegEd, Inc. on this training initiative.
“Training will be one of most critical parts of implementing the DOL’s fiduciary rule, which is the most massive regulatory change to impact the industry in decades,” said Cathy Weatherford, IRI President and CEO. “Our industry-leading training, which has been developed with the support of more than 800 industry professionals who are participating on our implementation task force, will help support our members and financial advisors who must prepare to implement the rule and operate under these new requirements. We are proud to be able to support financial professionals and home office personnel through this process by providing them with clear, streamlined and digestible training.”
Training applicable to all investment productsTraining will be one of most critical parts of implementing the DOL’s fiduciary rule, which is the most massive regulatory change to impact the industry in decades
IRI’s educational resources will deliver training on complying with the rule’s requirements to financial professionals at each stage of the investment transaction lifecycle, including financial advisors, call center personnel, branch managers, back-office operations professionals, and compliance officers, among others. The training is designed to be applicable to all investment products, including annuities and mutual funds.
The first course in IRI’s series of training modules will provide an overview of the DOL rule and the Best Interest Contract (BIC) Exemption, explain what it means to be an ERISA fiduciary under the rule, explore how the rule will impact advisor compensation and advisors’ existing client relationships, and describe the new regulatory landscape for level-fee advisors, rollover recommendations and proprietary products.
Additional modules will be coming soon, including a two-part course on implementation of the rule’s best interest standard and a course focused on the responsibilities of broker-dealer and insurer home office personnel.
IRI’s partnership with RegEd will enable companies to offer continuing education credit for completing the IRI’s training modules, and will allow companies to incorporate IRI’s training into their learning management systems. For more information on IRI’s training initiative, contact Eric Clements with RegEd at 412.335.2281 or [email protected]