The LIMRA LOMA Secure Retirement Institute has launched a new short online course called “DOL Fiduciary Basics for Employees” that explains the rule’s meaning to industry organizations and their employees.
Almost three-quarters of retirement plan providers anticipate that their call center staff will need training about the implications of this rule, new research by the Institute shows.
“Call center employees aren’t the only ones who will need to understand the DOL fiduciary rule,” said Kathy Milligan, FLMI, ACS, senior vice president of LOMA’s Education and Training Division, in a release. “This rule touches almost every part of the business, so it’s vitally important for financial services organizations to prepare employees as they transition to this new regulatory environment.”
DOL Fiduciary Basics for Employees is presented in 13 multimedia vignettes, each several minutes long. The vignettes are accessible through mobile devices, tablets, or personal computers and can be integrated with company-specific training and education.
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