As the U.S. population ages, the country faces “a serious demographic problem,” said Tyler Brown, director of government affairs for North American Co. He said SECURE 2.0 is a step toward addressing that problem as the act makes annuities more widely available to workers enrolled in employer-based retirement plans “and that’s in everyone’s interest.”
A government rule to simply encourage insurance companies, retirement plans, and other financial institutions to consider ethical investments has become a focal point on the GOP’s war on “woke” capitalism and may lead to the first presidential veto of the Biden administration.
Thomas H. Lee and his legacy companies picked a lot of winners in nearly 50 years as one of the earliest private equity takeover kings – including backing a pair of major insurance marketing giants.
Longtime annuity sales leader Jackson National is making inroads shifting away from its traditional strength: variable annuities. VA sales were down again in 2022, leading the insurer to pursue new products and distribution.
California is launching a new state agency, the Office of Health Care Affordability. Meanwhile, California Gov. Gavin Newsom announced that his state will be the first in the nation to offer universal access to its health coverage regardless of immigration status, and that California will begin producing own insulin to make it more affordable for everyone.
Transamerica announced the availability of new benefit riders with its employer-offered hospital indemnity insurance to help workers financially when they experience a hospital stay.
The Insured Retirement Institute released its 2023 Federal Retirement Security Blueprint detailing the association’s federal legislative and regulatory public policy agenda.
Less than half (49%) of U.S. workers are aware of a tax credit that may help them save for retirement and lower their tax bill.
Brokers are adding innovative products and services due to various market forces, which include rising health care costs (81%), competition from other brokers (50%), and increased demand for price transparency (48%).
A new research report by the Employee Benefit Research Institute found that most accountholders use their HSAs to pay for current expenses and do not take complete advantage of the tax benefits HSAs offer.
The new enhancements are designed to provide clients with partial protection against market volatility along with the opportunity to capture upside market potential up to a cap.
State insurance regulators are taking aim at the capital charges for insurers who invest in riskier collateralized loan obligations (CLOs).
Research from LIMRA and the Finseca Foundation has identified some solutions to help address the challenge of retaining financial professionals.
A report from the Transamerica Center for Retirement Studies examines the retirement-related risks for women in the workforce
While many recent surveys have shown that women are less financially secure than many other demographic groups, there are 9 steps advisors can take to help change this.
A survey of retirement plan participants reveals a wide gap between men and women in their confidence of their respective financial futures.
Women are retiring earlier than expected and are not happy about having to manage their own retirement planning, according to the annual Goldman Sachs Retirement Survey & Insights Report.
Often left out of the financial picture, women need help to bridge life insurance and savings gaps and achieve a secure retirement.
Bonnie Maize shares how she found an ideal balance of big-city financial planning and small-town charm.
