NAIFA slams DOL fiduciary definition

National Association of Insurance and Financial Advisors President Terry Headley says he's concerned the Department of Labor's proposed fiduciary rule could make it harder for consumers to get investment help.

By Jenny Ivy | Updated on April 13, 2011

NAIFA Headley National Association of Insurance and Financial Advisors President Terry Headley (right) says he’s concerned the Department of Labor’s proposed fiduciary rule could make it harder for consumers to get investment help.

Headley submitted Tuesday a letter to DOL, expressing his concern that the definition rule would make it difficult for NAIFA members to serve the middle-market, where commissions are the dominant form of compensation.

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