CCIR, CISRO propose new guidance on the design, distribution of seg funds
FSRA says higher fees due to rising technology, business costs
New measures address the use of DSCs with existing contracts
Conflict of interest concerns spark regulators' review
Insurance regulators promised new guidance on upfront compensation structures
Proposal would eliminate regulatory arbitrage between seg funds and mutual funds
CSA, CCIR propose new cost reporting requirements for investment and seg funds
CCIR-CISRO proposals aim to align incentive structures with fairness principles
CCIR, CISRO consultation will also consider outright ban on upfront commissions
Document outlines key principles that regulators expect insurers and intermediaries to engrain into their daily practices