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Monday 07/28/2014

Index universal life (IUL) sales made up 31 percent of all universal life (UL) sales in the first nine months of 2013, compared to only 14 percent of UL sales for all of 2010, according to a new study published by the actuarial firm Milliman...

 

Alaska, Arizona, Florida, Missouri, North Carolina, Ohio and Texas are the only states where nonspousal inherited individual retirement accounts are safe from trustees seeking assets in the settlement of bankruptcy cases...

 
Friday 07/25/2014

California Gov. Jerry Brown has signed into law a bill requiring new disclosure language for immediate annuities commonly sold to seniors, language that is already required in the sale of deferred annuities, state officials said...

 

Barclays Capital Inc. and Barclays PLC is seeking dismissal of a lawsuit by the New York attorney general, alleging that the British bank had deceived customers in its “dark pool,” which is essentially a private securities exchange...

 

Women and lower-paid employees are leaving money on the table when it comes to employer matching contributions. That means a huge opportunity for outreach and communication among retirement plan advisors and retirement plan sponsors...

 

A batch of 29 new comment letters from advisors, mutual funds and insurers submitted to the Securities and Exchange Commission indicate a preference for “appropriately tailored enhanced disclosure requirements,” for target date funds, SEC officials said...

 
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