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July 13, 2022

The Evolution of the Index with Sheryl Moore

What will the next generation of indexed products look like? Indexed products are popular, offering apparent upside and little downside. But regulators are wary. The growth of proprietary indices has critics claiming consumers are confused and misled by rosy illustrations that rarely come true.

July 13, 2022
Group pushes back on rules relating to selling Medicare Advantage plans.

Health agents seek reversal of CMS rule on recording Medicare Advantage calls

The Center for Medicare and Medicaid Services’ regulations aimed at fighting misleading Medicare Advantage claims are not sitting well with health agents, who are signing a petition opposing the rules.

How specialty drug ‘solution stacking’ can rein in pharmacy benefit costs

July 12, 2022

An idea that cycles through multiple specialty drug programs and often leads to a major cost reduction.

July 12, 2022
Securities and Exchange Commission.

IRI pushes for funding boost to SEC’s Reg BI enforcement

A month after the SEC’s first substantive Regulation Best Interest enforcement action, the Insured Retirement Institute is pushing for more funding to boost the agency’s enforcement power.

July 12, 2022
More than just insurance is needed to fight off cyber criminals, one expert says.
Cyberattacks can cost customers dearly.

Effective cybersecurity requires more than an insurance plan

Cyberattacks don’t just have a destructive financial impact on their victims – they also can cause permanent damage to a company’s reputation.

Informed Family Financial Services acquires Strategic Wealth Advisory

July 12, 2022

NORRISTOWN, Pa., July 12, 2022 /PRNewswire/ — Informed Family Financial Services, a financial planning and wealth management firm with offices in Norristown and Pottstown, today announces…

Active 401(k) plan participation results in higher account balances

July 12, 2022

(Washington, D.C.) — A new study from the Investment Company Institute (ICI) and the Employee Benefit Research Institute (EBRI) released…

Americans age 50+ worry about inflation, recession, health care costs in retirement

July 12, 2022

DES MOINES, Iowa, July 12, 2022 /PRNewswire/ — Four out of five Americans age 50+ (80%) say they are worried…

July 11, 2022
Commercial health insurers income plummets.

Commercial health insurers income plummets 90% last year

Commercial or group health insurance did not substantially increase premium despite record hiring, while COVID expense requirements ended up much higher than expected, according to an AM Best report.

Acrisure wins naming rights for the Pittsburgh Steelers’ home stadium

July 11, 2022

PITTSBURGH – The Pittsburgh Steelers announced today that the new name of their home stadium will be Acrisure Stadium. Financial…

July 8, 2022
Strong jobs numbers may spur interest rate hikes by Fed.

Strong jobs data bolsters Fed case for another interest rate hike

Speculation is strong today that a blockbuster jobs report will keep the Federal Reserve on track for another hefty interest rate hike during its meeting later this month.

Nearly 1 in 3 LGBTQ respondents said they experienced discrimination in financial services

July 8, 2022

DENVER—New research from the National Endowment for Financial Education® (NEFE®) explores the experiences U.S. adults who identify as members of…

Survey shows glaring knowledge gap among Medicare beneficiaries

July 8, 2022

NORTH MIAMI, Fla., July 07, 2022 (GLOBE NEWSWIRE) — Medigap.com, an online resource that compares Medicare Advantage, Medicare Supplements, and…

July 7, 2022
Financial advisors under pressure in volatile economy.l

Financial advisors facing new pressures in volatile economy

Americans, in this post-pandemic era of raging inflation, crashing markets, and international turbulence, say they want and need professional investment…

July 7, 2022
Southland National Insurance Corp. is currently in receivership.

Policyholders wait as Greg Lindberg insurers remain stuck in receivership

According to court documents, four insurers formerly owned by Greg Lindberg say they face shortfalls of more than $1 billion and that policyholders could take “severe losses” before a court-ordered receivership is completed.

July 6, 2022
Americans underestimate longevity risk.

Study finds Americans worry about the wrong retirement risks

Americans are most worried about market volatility’s effect on their retirement savings when they should be focused on their longevity risk, according to a report from Boston College’s Center for Retirement Research.

July 5, 2022
Consumer confidence sinks to all-time low.

As consumer sentiment sinks, Republicans even more pessimistic, survey shows

The University of Michigan consumer sentiment survey is at an all-time low, with Republican sentiment below rock bottom, according to a breakout of the survey data.

Regulation and service excellence don’t have to be opposites

July 5, 2022

Weaving regulatory compliance seamlessly into the high-end service of private wealth management requires a delicate touch.

July 5, 2022
Chances for recession increase, says Bloomberg.

1 in 3 chance of recession this year, Bloomberg says

Bloomberg’s recession probability gauge, which has been at 0% since early 2020, has popped to a 38% chance of inflation in the next 12 months.

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