Merger and acquisitions among registered investment advisors fell sharply in the third quarter as advisors see less reason to merge in the wake of an 18-month delay of the Department of Labor fiduciary rule.
A Minnesota federal judge granted a preliminary injunction to Thrivent Financial in its legal challenge of the Labor Department’s fiduciary rule. But judge also granted DOL request for a stay in the case.
Republican tax reform proponents suggested they might cap pretax contributions to 401(k) plans in order to raise revenue. While that idea is off the table for now, it could always return. Some advisors are split on the concept.
Lincoln’s third-quarter fee-based annuity sales nearly matched the total sales for all of 2016, CEO Dennis R. Glass said. Are advisors and consumers warming up to fee-based products, or are sales figures just a reaction to tighter regulations?
Agents/advisors should be aware by now that the Department of Labor fiduciary rule took effect June 9, our Kim O’Brien writes. What does it mean for sales of financial products going forward?
Here is how you can address employees’ four main objections to buying group life insurance.
For multigenerational workforces, the want and need for paid family leave is great. Here is what your employer clients need to know.
Brokers have an opportunity to help their clients’ human resources departments empower employees to be smarter health care shoppers.
An 18-month delay in implementing key parts of the Department of Labor (DOL) fiduciary rule has eased its vise-like grip on insurers and annuity distributors, insurance company executives told analysts.
Competition in the fast-growing hybrid annuity market is about to get fierce, according to one carrier’s CEO.
Voya To Launch Buffer Annuity Early Next Year
Voya is preparing to launch a hybrid, or buffer, annuity in the new year as the company seeks to take advantage of growth in a sparsely-populated niche of the annuity market, a company executive said.
President Donald Trump announced that he will nominate Federal Reserve Governor Jerome Powell to be chairman of the central bank.
Insurers are taking a cautious view of the GOP tax reform package released today. The tax plan represents historic changes to the tax code long favored by Republicans.
The Office of Management and Budget has the final documents to delay the Department of Labor fiduciary rule by 18 months. When published, which could happen in days, the class action right to sue will be pushed out until July 1, 2019.
The industry’s largest life insurers are expected to report third-quarter earnings today. Morgan Stanley analyst Nigel Dally offers a rundown on what to expect from an insurance product perspective.
Through a combination of presidential decisions, insurance company reactions and Affordable Care Act regulations, it has never been easier for consumers to purchase zero-premium bronze plans, if consumers qualify.
In response to hurricanes this year, iinsurers extended due dates for policy premiums by up to two months for policyholders in declared disaster areas. The extensions kept policies in-force even if the companies aren’t collecting premium.
Colonial Penn will continue to expand marketing initiatives beyond television, executives said recently. The costly ad medium isn’t in line with where customers will be in the coming years, the company said.
Trump Wants States To Define Essential Benefits, Lower MLR
New regulations could give states more flexibility in defining “essential health benefits” that insurers must provide under the Affordable Care Act.