Investors in defined contribution benefit plans such as 40(k)s who believe they need advice find one-on-one meetings with a financial professional the best way to go, according to a new Wells Fargo/Gallup poll…
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New York state officials are ratcheting up their efforts to ensure that all financial institutions they regulate are paying strict attention to cybersecurity…
A lawyers’ association says the feds have been too slow with fiduciary standard…
Don’t Pass the Ammo
Why Annuity Middlemen Have Outlived Their Usefulness
The Department of Labor proposal dealing with a new fiduciary standard will not outlaw payment of commissions. In addition, the proposal will contain detailed language dealing with proposed prohibited transaction exemptions (PTE), Secretary Thomas E. Perez said…
The House Intelligence Committee passes a bill aimed at sharing cyber threat information while the National Association of Insurance Commissioners is scheduled to discuss cybersecurity at its meeting this weekend…
Senator says the too-big-to-fail designation is like Hotel California — you can never leave…
The American Council of Life Insurers and the Investment Company Institute say the SIFI process is not transparent and exceeds regulatory authority in Senate hearing…
Speaking at a House Financial Services Committee hearing on the Securities and Exchange Commission budget, Mary Jo White said that the decision to pursue a uniform fiduciary standard aimed at those selling investment products into retirement plans was her own…
MetLife releases an annual statement with good news — and a warning…
The proposed fiduciary standard for the sale of investment products “has the potential to cause a detrimental impact on all American savers, especially middle class investors, and the retirement system as a whole,” according to a white paper…
Guardian Life and Pacific Life have become the latest life insurers to settle with state regulators over unclaimed property related to their use of the Social Security Administration’s Death Master File (DMF) database…
Katherine “Katie” L. Wade has been nominated to be the new Connecticut Insurance Commissioner by Gov. Dannel P. Malloy…
The NAIC asked for Congress for a law protecting insureds from subsidizing losses in thrifts…
Differing sectors of the industry have embraced new rules governing the illustrations to be used in selling indexed universal life insurance (IUL)…
Administrators of 401(k) and similar plans will be allowed up to 14 months to disclose investment fees and other information to plan beneficiaries…
Secretary of Labor Thomas E. Perez appeared this week before House committees over the agency’s proposal to create a regulation imposing a new standard of care on sale of investment products into retirement accounts…
Secretary of Labor Thomas E. Perez said his agency has clear authority to impose a fiduciary standard of care with or without participation of the Securities and Exchange Commission…
The Securities and Exchange Commission should implement a uniform fiduciary duty for broker/dealers and investment advisors, SEC chairman Mary Jo White said…
