Reg BI: Where do I start?
ESI has provided training resources in multiple formats to help you get up-to-speed quickly. Below is a suggested training format:
1. Find the Reg BI page on the NL website. The Reg BI page houses all the communications, training and reference materials associated with the Regulation. To reach the page, log in to the NL website. The Reg BI link is under ESI in the left column.
2. Start with the mandatory training, available 24/7 in FIRE Solutions. This training provides a big picture overview of the Regulation.
3. Review the Field Notices and recorded training. In addition to the mandatory training, ESI has been rolling out training webinars that provide information in short, easy-to-digest recordings. While the mandatory training provides a broader overview of Reg BI, the recorded trainings are topic and ESI-specific and will provide you with details pertaining specifically to our business process. Field Notices are included under the Communications dropdown. Recorded trainings are available under the Training Resources and Requirements dropdown.
4. Review the Forms Updates dropdown. Reg BI impacts several existing forms and has resulted in the creation of some new forms as well. The Forms Updates dropdown includes links to new and updated forms, as well as links to guides and recordings to help you navigate process changes. New guides and recordings include:
Guide to Forms Updates (pdf) – Summary of the changes to most transaction specific forms
Regulation Best Interest Forms – Recorded Training
Direct Business Forms Guide – Comprehensive guide to ESI forms for new direct business accounts
ESI Additional Investment Documentation Requirement – Comprehensive guide to ESI forms for additional Investments
Qualified Plan Rollover Guide – Overview of changes to the Qualified Plan Rollover Disclosure form
Qualified Plan Rollovers and Reg BI – Recorded Training
Financial Planning-Consulting and Purchase Disclosure Form Changes – Recorded Training
New! Spotlight on Recently Added Resources
Our most recently released training resources include:
- Retail Brokerage and Illuminations Form Requirements Guide – The Brokerage and Illuminations Operations areas have published a comprehensive document to assist with new business submission requirements under Reg BI. This new resource breaks down new business paperwork requirements by Retirement/Non-Retirement accounts by product (Retail Brokerage and Illuminations business). Additionally, the guide contains requirements for certain account maintenance and transaction types. This guide is available on the Reg BI page and “Doing Business with ESI” section of the National Life website.
- Fingerprinted, Non-Registered Personnel Training – Recorded training specifically for non-registered support staff who may be impacted by forms changes
- Explicit Hold Memorandum Form Guide
- Explicit Hold Memorandum Form Guide – Recorded training
Questions? Join us for an informational Q&A session!
Tuesday, June 30, 2020 at 4:00 pm EST
Click here to register.
TC115293(0620)1