Most insurance company executives in second quarterly earnings calls said their businesses thrived despite the prophesies of doom emanating from the Department of Labor’s fiduciary rule.
The two-week quarterly earnings reporting period for the nation’s major life and retirement insurers finds most of them exceeded expectations….
If approved, documents sent to the Office of Management and Budget today would delay phase two of the Department of Labor fiduciary rule by 18 months to July 1, 2019.
Divorce is incredibly costly and the right advisor can save a client a bundle — or at least limit the expense. Some experts share tips for preparing and protecting a client headed for splitsville.
CNO Financial Group’s fixed indexed annuity with a lifetime income rider has squarely hit its mark with middle-market consumers. The product helped CNO deliver better-than-expected results in the second quarter.
The first phase of the Department of Labor fiduciary rule went into effect June 9. Industry firms are reporting substantial impacts so far, with IRI members having dropped 155,000 clients to date.
Our Cyril Tuohy ponders whether tiny Switzerland, with its private decentralized health care system for 8 million people, could be a model for U.S. health care reform going forward.
Allianz Net Income Soars 83 Percent
Allianz SE posted a strong second quarter due to spiking sales of capital-efficient products such as variable annuities without income guarantees, hybrid variable annuities and fixed indexed annuities, company executives said.
A new guidance from the Department of Labor address some key sticking points for advisors acting as non-fiduciaries to defined contribution plans. For the most part, the department adopts a lenient stance toward compliance with fiduciary mandates.
New RIA relationships and the growth of roboadvisories are major trends in the industry, as found in the latest Schwab quarterly report. Analysts say both issues will be felt by industry players for many years to come.
Summer means executive movement in the insurance industry. We recap the announced comings and goings among the top life insurance and annuity providers.
A U.S. appeals court allowed the attorneys general from 17 Democratic states to defend subsidy payments to health insurers under the Affordable Care Act.
Financial advisory growth has stymied, with fewer active advisors in play, and per-advisor revenues in decline, a new report finds. What are the factors in play?
The new Department of Labor fiduciary rules could have implications for cyber-security systems if they are not strong enough. Client personal information must be securely protected under the rule’s Impartial Conduct Standards.
Contact your Medicare clients as early as possible to lock them in and take care of their insurance needs for the next year.
Department of Labor fiduciary rule opponents find a friendly court during a Fifth Circuit Court of Appeals hearing Monday. Judges sympathize with industry claims of overreach by the government in crafting the financial services regulation.
Consumer confidence is at a nearly 16-year high, experts point out, a major indicator that the markets will continue to expand for the rest of 2017. But if confidence indicators flag, be wary of a crash.
Opponents of the controversial Department of Labor fiduciary rule will take another shot Monday at persuading a court to overturn the regulation. This time, the Fifth Circuit Court of Appeals will hear the case.
With health care seemingly dead, lawmakers are expected to tackle tax reform next. Trump and GOP congressional leaders share a desire to cut taxes. Will they succeed?
