Department of Labor Fiduciary Rule Vacated

A Department of Labor Fiduciary Rule began phasing in on June 9, 2017. This Rule required all financial professionals who provide recommendations regarding investment transactions, retirement plans or retirement distributions in exchange for a fee or other compensation to act as a fiduciary. This DOL Fiduciary Ruling has now been vacated.

As a result, we have made the following updates:

  • Our suitability forms and product disclosures have been reversed to remove language that had been added due to the DOL Fiduciary Rule provisions. The new forms are available within the Forms and Materials Search on the Sales Professional Access (SPA) producer website. You can download these forms from the SPA website or order them from your normal supply channels.
  • The Mutual of Omaha Administration Manual will be updated. The new version will be available soon on our Training & Compliance page of the SPA website.

If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-email sales.support@mutualofomaha.com.
 

Department of Labor Fiduciary Rule Vacated
 

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