Nearly half of projected individual retirement account (IRA) rollover assets are “at-risk” of remaining in the defined contribution plan-sponsor market instead of moving into retail IRA accounts once the Department of Labor’s fiduciary rule goes into effect, a new report found.
A sixth lawsuit aganst the Department of Labor fiduciary rule was filed Thursday by Thrivent Financial. The organization asks the court for relief from the class-action requirements of the rule.
Market Synergy Group and the Department of Labor both filed briefs this week on the former’s request for a preliminary injunction to halt the DOL fiduciary rule.
Millennials are the future clients for the insurance industry, but can they be the future agents?
Dawn Hudson, chief marketing officer of the NFL, discussed a number of ways in which Generation Y and Generation Z pose different challenges for those who want to win them as clients.
What will happen to retirement products once the Department of Labor fiduciary rule takes effect? Analysts believe simpler financial designs are on the way.
A Kansas judge could strike down the inclusion of fixed indexed annuities in the tougher BIC exemption, while leaving the rest of the Department of Labor fiduciary rule intact, a lawyer says.
The Best Interest Contract Exemption is one of the most flawed parts of the Department of Labor fiduciary rule. Our Kim O’Brien explains why.
Kansas judge skeptical of Department of Labor claims in lawsuit over fiduciary rule. Plaintiffs may be able to prove ‘irreparable harm’ by focusing on treatment of fixed indexed annuities, one analyst says.
According to a source at today’s hearing, Market Synergy’s case to overturn the Department of Labor fiduciary rule went well. The plaintiffs seek a preliminary injunction.
The Department of Labor is back in court Wednesday, this time in Topeka, Kan. for the second of three lawsuits aimed at stopping its fiduciary rule. One prominent attorney says opponents have a tough job winning an injunction.
The president and CEO of Brokers International explains how the marketer would operate under the fiduciary rule if the Department of Labor grants it ‘financial institution’ status.
GAO Report Encourages Annuities in 401(k)s
A new government report faults the Department of Labor for failing to craft rules that will encourage plan sponsors to include annuities as an option.
A new SEC rule to ensure that registered financial advisors maintain business continuity and transition plans has come under fire from advisor groups who say it is excessive and unnecessary.
Our Kim O’Brien reviews the facts and figures to show where the Department of Labor went wrong with its fiduciary rule. Do you agree with her diagnosis?
The House Financial Services Committee passed the Financial CHOICE Act Tuesday in a bid to derail the Dodd-Frank Act, as well as the Department of Labor fiduciary rule. Will the bill get a vote?
Of 11 million Asian Americans ages 25 to 70, only one in five work with financial advisors, a new survey found. Who is going to serve the growing population?
AIG was down and nearly out eight years ago this week when the U.S. Treasury stepped in to rescue the company with billions in bailout cash. Now AIG is back on top again. How did they do it so fast?
Advisors can give Generation X some encouragement and tough love as they prepare for retirement.