The challenges of debt management are widespread across all generations, the new Transamerica Retirement Survey finds. Debt payments are detracting from workers ability to properly save for retirement, the study concluded.
Eighty-nine percent of investment professionals say heavy documentation demands affect their ability to efficiently produce thorough, timely records. The same 89 percent say compliance demands limit their ability to get “face time” with clients.
While some companies are moving away from annuities, Prudential is redoubling its efforts. That means new products and new campaigns to educate advisors and consumers on what annuities can do for lifetime income, a company executive explained.
Envestnet is integrating annuities into its wealth management platform, giving advisors a more complete view of client retirement portfolios. The first insurer is offering annuities on the exchange, which one analysts says will spur others to follow.
An NAIC subgroup finds that no additional regulation of modified guaranteed annuities is needed. The group is likely to vote to disband itself next week.
A new study shows millennials, a group about 80 million Americans born between 1979 and 2000, are paying more attention to financial planning and goal setting as they save for a home and start families.
“We want your views,” SEC Chairman Jay Clayton says of the SEC’s cross-country roundtable tour to hear from investors.
The Centers for Medicare and Medicaid Services said state health insurance marketplaces are increasingly failing to cover people who do not qualify for federal subsidies even as the exchanges remain relatively stable.
The Department of Labor fiduciary rule might be history, but it leaves new interpretations behind, along with some paperwork, a leading regulatory law firm says. The rule’s impact is sure to be felt for some time to come.
Summer means vacations and vacations mean slipping off with a good book. We talked to several financial advisors to find out what they are reading for our annual summer reading list.
It is now possible for a wealth of information to be at an insurer’s fingertips, equipping advisors with a better understanding of potential client needs than ever before.
Advisors are in a good position to take the skills that make them successful in business and use them to better the communities in which they live.
General Electric was removed from the Dow Jones Industrial Average this week in a move that signals transition within the company. Some experts say the Dow could withstand some reorganization of its own.
New survey data shows that high-net-worth clients want more personalized service from advisors, not just big returns. These clients want a personal touch that shows some concern and interest in the family’s lives, experts say.
Top advisors maintained their fee structures even as pricing for fee and commission product lines fell, new research finds. Only 30 percent of advisors lowered prices year over year, the study showed. What does it mean for the future?
Index annuities often come with lifetime income and enhanced death benefit features, but with a separate product fee. A new Athene product is breaking that mold and offering those additional features with no separate cost. Will it catch on?
Financial scams are costing Americans millions of dollars annually, authorities say. Several recent advisors and brokers are facing serious charges and jail time for a variety of schemes.
Traditional benefits brokers are doing substantially more business writing voluntary benefits. The change in the business is setting up a market competition between traditional and voluntary benefits brokers.
Health insurance and benefits’ brokers can help their group clients save money by finding ways to cut the cost of their employees’ care. That might be the way forward amid health care uncertainty.
