Differing sectors of the industry have embraced new rules governing the illustrations to be used in selling indexed universal life insurance (IUL)…
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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…
The Securities and Exchange Commission (SEC) plans to continue its targeted examination of the cybersecurity processes of registered investment advisors this year, an agency official said at a recent conference…
The National Association of Insurance Commissioners (NAIC) said that it is “now turning its sights” to the use of captives by insurers in their variable annuity (VA) businesses…
The White House used flawed economic reasoning to justify tightening the rules governing the investment advice provided to owners of retirement accounts, according to a study…
Eight consumer groups are demanding that the Securities and Exchange Commission (SEC) prioritize its investor protection mission, including implementation of a uniform fiduciary standard on sale of investment products…
An NBC financial editor spoke out in favor of annuities while a U.S. Senator ripped into the financial advice industry…
Like every investment being considered by a financial advisor, the life settlement option must pass the “does it make sense for the client” test…
Big data provides many opportunities to qualify prospects more easily and speed up the sales process. But there are still limitations to much of the information that insurance and financial professionals have at their fingertips…
Should insurers be responsible for Americans’ personal weight loss? The answers are more involved than you think…
Mergers and acquisitions in 2014 had a decrease of about 30 percent from 2013…
MetLife has introduced a program that shortens application and underwriting procedures for its Whole Life Select 10 life insurance product. This is a move designed to appeal to applicants as well as advisors looking to sell more policies….
The top concerns among agents are illustration and needs calculations, policy inquiries, group changes and group-level reporting metrics, according to a report…
One industry expert said that a number of questions need to be answered if the Supreme Court rules against the legality of federal health care subsidies…
One of the swing votes on the court could be leaning in favor of keeping the subsidies, according to one observer…
ACA Enrollment Year 2: The Squeeze is On
Higher out-of-pocket costs are zinging consumers and lower commissions are slamming advisors. WHERE IS THE AFFORDABLE PART OF THE ACA?
Robert Benmosche took the reins of AIG in August 2009, after an emergency takeover by the federal government…
