The vote in favor of Waller’s appointment was 48-47. Waller, research director for the St. Louis Federal Reserve Bank, taught economics for nearly 25 years before joining the St. Louis Fed in 2009. He has endured far less scrutiny than Judy Shelton, the controversial nominee he was paired with and who was voted down in the Senate last month.
Delaware is the latest state to tentatively commit to add a best-interest annuity sales standard to its regulation of insurance products. The state is accepting comment until Jan. 5 in an amendment to its suitability in annuity transactions regulation. If all goes well, the best-interest standard will be officially published on Aug. 1, 2021.
PARK RIDGE, Ill. (Dec. 2, 2020) — Building on its culture of excellence and providing financial professionals exceptional opportunities for…
73% Of Workers Say Finances Top Stressor, EBRI Study Finds
The Employee Benefit Research Institute and Greenwald Research released results of their 2020 Workplace Wellness Survey, which showed workers are financially stressed since the onset of the pandemic and want their employers to support them in their financial well-being.
The U.S. single premium buy-out sales totaled $4.6 billion in the third quarter, down 41% from third quarter 2019 but double the $2.3 billion sold in the second quarter, according to the Secure Retirement Institute.
A way better than expected earnings season, a likely split Congress, and major breakthroughs on the vaccine front all helped stocks soar last month. Add ongoing support from the Federal Reserve as the cherry on top and we are looking at a truly historic month on many levels. But what now?
Alabama and Rhode Island are proposing updates to its “suitability in annuity transactions” regulation that most states adopted since the NAIC produced it in 2010. The states are the latest to propose “best-interest” standards for annuity sales.
Whole Life Sales Lone Bright Spot In Third-Quarter Sales: Wink
Third-quarter sales of whole life registered $1.05 billion, up 12.9% when compared with the previous quarter, according to Wink’s Sales & Market Report. But sales were down more than 10.2% as compared to the same period last year.
McConnell: Senate Will Vote To Add Christopher Waller To Fed Board
Senate Majority Leader Mitch McConnell signaled Monday that he plans to hold a Senate vote this week on the long-delayed nomination of Christopher Waller to the Federal Reserve Board. Waller was first named by Trump on Twitter in July 2019, but the nomination wasn’t formally announced until January.
After The Fever
The life and health industries got past the emergency phase, but conditions are still critical.
The Hero Of Zero
In this interview with Publisher Paul Feldman, David McKnight reveals how advisors can use the tax message as their rallying cry and their killer sales proposition. He also shares tips on how advisors can improve their remote selling game.
A Perfect Match
A firm that needed a special type of financial planner found just the right person when they hired this military spouse turned advisor.
Time For Heroes
The class had already gathered when the teacher, Ransom Stoddard, entered the room jammed with Latino kids, immigrants, and white and Black farmhands.
Take Steps To Bridge The Women’s Longevity Gap
How advisors can add value by planning for the specific financial challenges women face in retirement.
FIAs: The Right Strategies At The Right Time
Why now is a good time to employ these insurance vehicles for asset accumulation goals.
Why Agents Should Be Careful With Financial Aid Planning
A family can benefit from cash value life insurance in many ways, but how does it affect college financial aid?
‘Four Under 40’ Recipients Describe Their Steps To Success
These rising stars discuss how they navigated their first few years in the business.
Coverage Concerns And The COVID-19 Effect
The life insurance coverage gap already was a concern before the pandemic became a reality.
3 Ways To Break Up The Day
Take a few minutes to move away from the computer screen and refresh.