The Best Interest Contract Exemption is one of the most flawed parts of the Department of Labor fiduciary rule. Our Kim O’Brien explains why.
Our Kim O’Brien reviews the facts and figures to show where the Department of Labor went wrong with its fiduciary rule. Do you agree with her diagnosis?
About seven months remain until the first mandates of the Department of Labor fiduciary rule take effect. Firms and advisors must be able to answer several important questions to be able to make the transition.
A hearing on the first of three lawsuits designed to stop the Department of Labor fiduciary rule from taking effect begins Thursday.
Americans are facing a retirement longevity crisis, writes our Kim O’Brien. Only one financial product can truly address the threat of outliving your money: an annuity.
Less than one-quarter of employers (23 percent) have adopted one or more proven lifetime income solutions. Kim O’Brien says annuities can help solve a lot of employee retirement concerns if employers get on board.
The great thing about the annuity marketplace is the wide selection of products that can meet the individual and unique needs of every investor. Shouldn’t that be emphasized?
The Department of Homeland Security believes that a robust cybersecurity insurance market could help reduce the number of successful attacks. Is it realistic?
Rolling over to an annuity IRA is safe, responsible and provides an insurance guarantee against outliving your money, says our Kim O’Brien.
When the Department of Labor issued “corrections” to its controversial fiduciary rule, our Kim O’Brien was hopeful. But she says the results did not live up to her expectations.
Studies show many reasons why investors earn less than they should or could. In its analysis, the DOL unfairly seeks to blame investor losses on advisors.
Five lawsuits filed against the Department of Labor’s fiduciary rule bring hope that rule will be voided.
The regulatory impact analysis the Department of Labor used to produce its fiduciary rule is flawed and wrong, industry veteran Kim O’Brien says. So are many other aspects of the rule.
A look back in history is a good place to start to understand how the Department of Labor came up with its fiduciary rule in the first place.
About those “concessions” the Department of Labor supposedly made in its fiduciary rule — were they really concessions, or just changes to reward special interests?
There is precedent for killing the Department of Labor’s fiduciary rule based on its lack of adequate studies. Is the 2010 fight over the SEC’s doomed Rule 151A the blueprint?
While reports are crediting the Department of Labor for several concessions on its fiduciary rule published last week, there are still several problems with the rule.
What we can learn from the fiduciary rule and the MetLife “too big to fail” challenge.
A fiduciary standard is a “principles-based” standard, which has no explicit regulations or requirements governing the conduct.
The Office of Management and Budget has no choice but to return the fiduciary rule on the grounds that the Department of Labor did not do its duty adequately under the rulemaking process.
The Department of Labor says investors will benefit from its fiduciary rule. How is the decision to ban commissions working out for consumers in the United Kingdom?
Annuities fit in well with the needs of retirees and near retirees within their IRAs. But the DOL fiduciary rule threatens annuity options if it passes in its current form.
The Department of Labor is seemingly contradicting its own words with its fiduciary rule mandates. Shouldn’t Congress be leading the way on this issue?
The ongoing regulatory effort to move away from commissioned-based sales ignores many important facts about how agents are already heavily regulated.
Does Ken Fisher secretly like annuities?
The award will be posthumously presented during the National Association of Insurance Commissioners Fall National Meeting, and will be accepted on Jim’s behalf by Iowa Insurance Commissioner Nick Gerhart.
A lot of things are troubling about the Department of Labor’s rule to enforce a “best Interest” contract between an…