State Farm, citing DOL fiduciary rule, cuts agents from mutual fund and variable annuity sales
The insurer, which is moving to a "self-directed call center" approach for certain investment products, is among the few companies which has publicized plans for compliance with the DOL rule.
State Farm is changing the way the company and its agents handle some retail retirement accounts in response to a new Labor Department regulation that ups the standard of investment advice retirement savers receive.
Beginning in April 2017, when the Department of Labor rule comes into effect, State
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