Labour market · 08/04/2016

ERISA and IRS Rule Changes Allow Insurance Agents and Brokers to Receive Compensation for Certain Transactions

The Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986 (the Code) have been amended to allow fiduciaries and service providers to receive compensation for certain insurance-related transactions, while also partially revoking an exemption for annuity contract purchases.