Financial advisors need a new approach with which to engage clients about annuities, and a coalition of 24 insurers and asset managers has banded together to help.
The SEC’s proposed best-interest rule for brokers strikes the right balance, Chairman Jay Clayton testified before a House committee Thursday. The agency is accepting public comment on the rule until Aug. 7.
A federal appeals court finally issues a final mandate officially killing the Department of Labor fiduciary rule after a long delay. The action leaves the SEC Regulation Best Interest as the main rule proposal to regulate financial advice.
The indexed-linked annuity market has been growing strong in recent quarters, and for AXA, that is both good and bad news. Good because the company is the leader in the market, but bad because other companies are jumping in the fray.
A judge within the Fifth Circuit Court of Appeals is likely pushing for a full judicial review of the March 15 decision to toss the DOL fiduciary rule, one lawyer says. The court continues to delay issuing a final order that would officially kill the DOL rule.
A new survey yields revealing thoughts from 300 advisors, RIAs and broker-dealers on financial market challenges and managing client portfolios in a risk-laden market environment.
Conservatives Take Another Stab At ACA Repeal
Even though Congressional Republican leadership said it has moved on from repealing the Affordable Care Act, a coalition of conservative groups compiled their own plan to repeal the health care law.
Insurance companies are adding illness and long-term care features into indexed universal life products. The new features are expected to boost an already-booming business.
Now that the Department of Labor’s fiduciary rule is all but dead, insurance companies now see the Securities and Exchange Commission building a regulation that might affect selling. The anxiety might be dampening what should be an ideal sales environment.
The Securities and Exchange Commission’s Regulation Best Interest is drawing heated opposition from an interesting coalition of allies. But Chairman Jay Clayton insists that the agency will not be deterred in its rulemaking efforts.
U.S. market returns have outpaced foreign equities since the 2007-08 economic recession. But that is changing, analysts say, with foreign market performance indices edging ahead in recent months. Many analysts expect that trend to continue.
In a case with billions of dollars at stake, a federal appeals court ruled that the federal government doesn’t have to pay health insurers money they say they are owed under the Affordable Care Act.
DOL Won’t Ask SCOTUS For Fiduciary Rule Appeal
The federal government will not appeal a court ruling tossing the Department of Labor fiduciary rule. The Trump administration had until the end of Wednesday to appeal the decision to the Supreme Court.
The Federal Reserve hiked interest rates today as expected. The news is great for insurers who receive several different benefits from higher interest rates, industry experts say.
Underneath the seemingly calm surface of annuity sales, insurers are working to generate propulsion with new features and fees.
A new VA rider introduced by Pacific Life targets buyers who want “income soon.” The company’s Core Protect Plus rider…
Millennials and GenXers are going to comprise a much larger piece of the client pie by 2023, according to a new survey. On the flip side, baby boomers and older clients will decline in numbers. Advisors need to learn strategies to appeal to the trending youth, experts say.
A survey shows consumers are becoming more comfortable with risk but at the same time terrified of an economic cataclysm devastating their savings. Could an annuity help soothe those anxious consumers?
Americans can retire abroad for a fraction of the costs needed in the U.S., and many are doing just that. Advisors have an opportunity to be the indispensable partner while helping clients through the retire-abroad process.
