An organization representing about 75,000 financial planning professionals “strongly urged” the U.S. Senate Banking Committee to include financial planner consumer protections that include increase regulation, oversight and competency and ethics standards for anyone calling himself a “financial planner.”
See more: AIA, certification, CFP, Chris Dodd, Congress, consumer protection, CT, federal regulation, financial planning, Financial Planning Coalition, FPA, Herb Kohl, Leigh Ann Pusey, NAPFA, Restoring American Financial Stability Act, Robert Glovsky, SEC, WI
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.

