Americans for Annuity Protection Joins Texas Tech in Best Interest Research

InsuranceNewsNet.com - The Department of Labor Conflict of Interest Rule requires financial advisers to act in their clients' best interest and that they be paid not more than “reasonable” compensation.

The newly formed Best Interest and Reasonable Compensation Initiative will allow researchers in Texas Tech University's Department of Personal Financial Planning to study what best interest means from the customer's and advisor's perspectives.

Read the story here.