LIMRA LOMA Secure Retirement Institute has launched a new fiduciary training program for advisers and other client-facing employees.

The self-paced online curriculum consists of a base course and role-specific courses for both fiduciary and non-fiduciary roles. It is designed to educate a wide range of professionals, including registered representatives, investment advisers, insurance agents, wholesalers, contact center representatives and service personnel, the institute said.

"Under the new rule, financial services companies not only need to educate their employees, but they also need a way to track and document compliance," Paul Henry, a managing director of LIMRA Secure Retirement Institute, said in a statement.

The base course explains the fiduciary rule and the best interest contract exemption, using realistic scenarios to illustrate how to remain compliant under the new regulatory environment. The program also features an annual re-certification course to ensure employees and representatives continue to have the most up-to-date understanding of the fiduciary rule and its implications as the implementation unfolds.

Participating companies will receive a certificate of completion for each of their client-facing representatives, the institute said.