Independent producers are dropping their Series 6 license (the license needed to sell mutual funds and variable annuities) at an alarming rate because of compliance requirements, according to a recent LIMRA International study. Almost 1/3 of producers surveyed for the report, Practice Management Support: Giving Producers What They Need , have dropped that license in the last two years. “The report underscores the problems associated with today's complex compliance requirements,” said Robert ...

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