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April 18, 2016
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Americas: The New Rule Threatening Incentives: Is There an Upside?


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Yes, say two organizations whose memberships are keenly interested in how the rule is going to affect them.

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Photo by Freeimages.com/Oden Jaegar

Steve Bova, CAE, executive director, Financial & Insurance Conference Planners, and Kevin Hinton, CIS, CEO of the Society for Incentive Travel Excellence, presented a webinar today to discuss the “fiduciary rule,” as it's known, released by the Department of Labor on April 6. The rule requires anyone providing investment advice for retirement accounts to be held to a “fiduciary standard.” This means putting clients’ best interests above their own. (Currently, some advisers work under a looser “suitability standard,” which requires that the investment products they offer be suitable for the client.)

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