The Department of Labor told the court it wants to fix issues with the controversial overtime rules put forth by the Obama administration. A Texas judge threw out the OT rules earlier this year.
A Republican proposal to limit employee 401(k) contributions would significantly discourage saving for retirement, Principal Financial CEO Dan Houston says. The controversial idea is widely panned in the financial services industry.
Collectibles sometimes perform well as an investment — an authentic Babe Ruth jersey, for example. But much more often, an investment in a collectible is influenced by emotion and not recommended by advisors.
More annuity owners are using guaranteed lifetime withdrawal benefits to turn on the retirement income spigot. The increase might be attributable to advisors and annuity owners being more comfortable with how the GLWB riders work, one analysts said.
Earlier this week, Aetna announced it is selling its group life and disability insurance business to The Hartford. Now it appears that Aetna itself could be on the sales block, following a Wall Street Journal report that CVS Healthcare wants to buy the insurer for more than $200 per share, or more than $66 billion.
Hybrid variable annuities, also known as structured or buffer variable annuities, are a hot new annuity product that balances risk and reward. But it is starting to catch the attention of critics.
A new study confirms that robo-based investment advice is growing substantially. But larger investment firms are profiting much more than smaller firms and that’s driving the growth of digital-based investment advice to new heights.
GOP tax reform plans will cause a reduction in Torchmark’s risk-based capital ratio, one analyst said this week. RBCs are a key measure of a company’s capital strength and any change is usually followed by a change in an insurance company’s capital management plans.
A federal judge in California refused to block President Donald Trump’s decision to cut off cost sharing reduction payments to health insurers.
Understanding “reasonable compensation” is an important key to abiding by the Department of Labor fiduciary rule. Our Kim O’Brien gets in the weeds on this important issue for agents/advisors.
Torchmark Corp. reported net income of $153 million in the third quarter. While that represented an increase of less than 1 percent compared to last year, it beat analysts’ expectations.
Four new index accounts have been added to Security Benefit Life’s Total Value Annuity.
The Department of Labor’s fiduciary rule could push independent broker/dealer (IBD) advisors to rely more on outsourced IBD home-office portfolios, a new report has found.
The rapidly growing fee-based registered investment advisor (RIA) channel is also the largest holder of passively managed exchange-traded funds (ETFs), according to data released by an industry consultant.
We’re almost in the first health care open enrollment season under President Donald Trump, and the scene isn’t quite how he envisioned it.
Better economic conditions, favorable pricing and higher customer engagement helped raise consumer satisfaction with life insurance companies to a record high, JD Power found in its latest life insurance survey.
With the expected 18-month delay of the controversial Department of Labor fiduciary rule, sales of fixed indexed and variable annuities are expected to remain strong in 2018, LIMRA says.
A new study finds that baby boomers, gen Xers and millennials do not invest all that differently. But analysts say they probably should, given their different investment objectives and time horizons, as well as other factors.
An attempt in Congress to stabilize the health insurance market came one step closer to reality as two senators announced a bipartisan deal to restore cost sharing reduction payments to health insurers.
