Judge Barbara M.G. Lynn cites a string of court losses in refusing to grant an injunction halting the Department of Labor fiduciary rule. Three courts have ruled against plaintiffs so far.
Companies are unveiling new products after spending some time retooling their indexed universal life lineups.
Tax loss harvesting involves selling stocks, bonds, mutual funds or other investments that have lost value to trim taxes on realized capital gains from winning investments.
Not enforcing the Department of Labor fiduciary rule in the short term does not remove the threat to the financial services industry, a court brief argues. Only a preliminary injunction will do that, plaintiffs say.
Although Americans have good intentions about saving for retirement, most are only stashing 5.5 percent of their disposable personal income,…
In 2005, President Donald J. Trump paid $31.3 million under a controversial tax law known as Alternative Minimum Tax. Passed in 1969, one advisor says the AMT “is neither alternative, nor minimum” and is hitting middle-class families.
Lawmakers’ actions appear to cast doubt on the safe harbor status of auto-IRA plans.
Plaintiffs ask a Texas judge for an emergency injunction halting the Department of Labor fiduciary rule from taking effect April 20. Judge questions whether that is even necessary given a new DOL bulletin.
Indexed universal life (IUL) sales dipped 1.3 percent to $534.5 million in the fourth quarter 2016 compared to the year-ago period. The drop was due primarily to declines from two sellers, according to industry tracker “Wink’s Sales & Market Report.”
Lincoln Financial will pay a $1.5 million fine to settle a case of unfair claims settlement practices brought by New York State regulators.
The American Health Care Act, the health plan proposed by House Republicans, would result in 14 million more uninsured Americans in 2018. That was the word from the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT), which released their report today on the of the budgetary effects of the health care reform plan.
Ohio National Financial Services has entered the fixed indexed annuity (FIA) market for the first time as the company takes advantage of robust sales trends in the product category
The Department of Labor says it will not enforce its controversial fiduciary rule until a measure to delay the rule is resolved. The DOL published a bulletin Friday in response to questions from financial services professionals.
Financial advisor mergers and acquisitions rose 30 percent to a record 641 transactions in 2016 over the previous year
A new report by Massachusetts’ regulators finds that only 7.5 percent of state-registered agents and financial representatives with stained records were placed on ‘heightened supervision.’
The Department of Labor is accepting comments through March 17 on a measure that would delay the department’s controversial fiduciary rule. Nearly 300 comments have been received so far.
Survey respondents respond far more favorably to annuities when they are positioned as guaranteed lifetime income products. Yet annuity sales remain sluggish.
One way that women can ensure their success in the arena of financial services is by securing a mentor or sponsor.
According to a new study, investor losses in investment-related, class-action lawsuits tripled in 2016, however, settlement rates are at an all-time low.
