Ray Jones reaped a successful career using lessons he learned growing up on a dairy farm.
The Department of Labor’s latest fiduciary rule is a prequel wrapped up in a sequel that will likely spawn another sequel.
The ESG proposal will trigger unintended consequences, expose plan fiduciaries to additional regulatory scrutiny, and heighten litigation risks related to the selection of all plan investment options, the Insured Retirement Institute said in a comment letter.
Annuity regulations finally appear to be aligned and workable. But the ink might not even dry before another election could potentially reverse the rules.
Bradford P. Campbell, who headed up the Employee Benefits Security Administration under President George W. Bush, called aspects of the new investment advice rule “misguided.” The Department of Labor proposal would replace the Obama administration fiduciary rule overturned by the courts.
The Department of Labor is not making comments available on a pair of highly anticipated rules governing the financial services industry.
House Democrats said the Affordable Care Act will be just fine without the individual mandate. That was one contention made in a Supreme Court brief filed to support the Affordable Care Act against a lawsuit, backed by the Trump administration, that would overturn the 2010 law.
The National Association of Insurance Commissioners revisions to the suitability in annuity transactions (#275) model law were adopted in February. Since then, Arizona and Iowa have adopted the rules, which establish a best-interest standard that aligns with rules being considered by other agencies.
Facing mounting pressures on Medicaid budgets, some states are forging a vision for what is necessary to finance a growing…
Despite COVID-19 death numbers up to double what was expected in the spring, Principal is cutting its projected impact on earnings from $20 million to $10 million per 100,000 U.S. deaths from the virus. The insurer credits its diversified product lines for enabling it to remain financially strong.
Since the spread of the pandemic, not only are more people staying home, they’re also engaged in more high-risk, accident prone do-it-yourself projects, a Unum survey found.
The surplus for the private U.S. property/casualty insurance industry dropped by $75.9 billion in the first quarter of 2020—its largest-ever quarterly decline—as the stock market suffered a major downturn.
TYSONS, Va., July 28, 2020 — Western & Southern Financial Group, a leading provider of a wide range of insurance, investment…
The pandemic has forced benefits advisors and their clients to shift their thinking from retaining workers in a competitive employment environment to keeping the business in operation in the face of massive change.
Transamerica announces the expansion of the company’s workplace benefit solutions with the addition and integration of a suite of tax-advantaged…
A new Department of Labor rule might create an inhospitable environment for ESG funds.
Total annuity sales were $48.8 billion in the second quarter, down 24% from second quarter 2019, according to preliminary results from the Secure Retirement Institute annuity sales survey. The ongoing COVID-19 pandemic is being blamed for slowed sales, in part by preventing face-to-face contact.
Does the possession of a visa mean a prospect is declined for life insurance?
At that moment, we didn’t have the luxury of knowing when we might meet in person, or talk strategy over dinner, or connect at an upcoming group conference. We all seemed to echo a similar desire to push the group industry forward with a better customer experience and eliminating the bottlenecks that hold back growth.
