A divided Congress due to a presumptive Republican-controlled Senate will translate into legislative gridlock, Fitch Ratings says, and that means the outcome of the 2020 election is neutral to health insurers’ credit profiles.

Although President-elect Joe Biden will exert considerable influence over the Securities and Exchange Commission, the agency’s Regulation Best Interest is probably not going anywhere. At least not right away, say industry officials.

RADNOR, PA, November 16, 2020 – In a time when nearly half of consumers surveyed say they would be more…

Most Americans fail a financial fluency quiz of key investment selection terms, and confusion over a term like “passive investing” can translate into saving less and lower use of investment products, according to a new report.

Columbus, OH—November 16, 2020—Nearly two-thirds of investors (61%) and more than two-thirds of advisors and financial professionals (68%) anticipate market…

COVID-19 has shifted consumer behavior, but most auto insurers have struggled to respond to those behaviors quickly enough. Moreover, providing consumers with the insurance bundle they need, at the time they need it and at a rate they can afford remains a long-lasting challenge for many insurers.

In general, AG 49 reduced illustrated rates in the industry, producing customer expectations that are more likely to be met. However, IUL is still relatively new and, because the industry is innovative, new IUL designs were introduced that had not been contemplated when AG 49 was passed.

Wells Fargo’s former chief executive and former head of Wells Fargo’s Community Bank defrauded investors by using a metric that was inflated by accounts that were opened for consumers who did not ask for or want them, according to new charges filed by the Securities and Exchange Commission.

Pooled employer plans will give employers, especially small unrelated employers, a way of offering their employees a workplace retirement savings option with reduced burdens and cost.

As we head into our first COVID-19 winter, and with a vaccine at least several months away, advisors and clients alike must prepare for increased social distancing and additional reliance on virtual meetings.

The Department of Labor has one week to publish its investment advice rule to avoid a quick hook by the incoming Joe Biden administration. Any rules published in the final 60 days of an administration, known as “midnight regulations,” can be rescinded by the incoming administration.

After months of economic heartache from the coronavirus, it is encouraging to learn of some good news about Americans’ retirement…

Although open enrollment season is the logical opportunity to start this journey with workers, the effort should not end there – employers must educate and support workers all year round.