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IRI Announces New Training to Navigate DOL Fiduciary Rule Compliance

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 products
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

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]




About the Insured Retirement Institute: The Insured Retirement Institute (IRI) is the leading association for the retirement income industry. IRI proudly leads a national consumer coalition of 40 organizations, and is the only association that represents the entire supply chain of insured retirement strategies. IRI members are the major insurers, asset managers, broker-dealers/distributors, and 150,000 financial professionals. As a not-for-profit organization, IRI provides an objective forum for communication and education, and advocates for the sustainable retirement solutions Americans need to help achieve a secure and dignified retirement. Learn more here.
About RegEd: RegEd, Inc. is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers. RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk. For more information, please visit here.