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Report: DOL Rule Could Freeze IRA Rollovers

October 3, 2016

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.

Thrivent Files Suit Against DOL Fiduciary Rule

September 30, 2016

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 Hammers DOL on Public Notice of Rule Changes

September 30, 2016

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.

Exclusive

If You Want Younger Agents, You Need Younger Tools

September 28, 2016

Millennials are the future clients for the insurance industry, but can they be the future agents?

Marketing To The Next Generations Is ‘A Whole New Ball Game’

September 28, 2016

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.

DOL Rule Will Lead To Simplification Of Many Retirement Products

September 27, 2016

What will happen to retirement products once the Department of Labor fiduciary rule takes effect? Analysts believe simpler financial designs are on the way.

Judge Could Issue Partial Block of DOL Rule, Lawyer Says

September 23, 2016

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.

Exclusive

Three Reasons Why the BIC Exemption is Flawed

September 23, 2016

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 ‘Sympathetic’ to Market Synergy DOL Case

September 22, 2016

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.

Kansas Judge Hears Lawsuit Seeking to Throw Out DOL Rule

September 21, 2016

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.

Opponents Take On the DOL in a Kansas Court

September 20, 2016

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.

IMO President: Here’s How We’ll Sell Under DOL

September 20, 2016

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.

September 19, 2016

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.

SEC Advisor Proposal Not Needed, Groups Say

September 15, 2016

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.

Exclusive

The Compensation Conundrum: Why the DOL Got It Wrong

September 15, 2016

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?

Exclusive

House Committee Passes Bill to Reverse Dodd-Frank, DOL Rule

September 14, 2016

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?

Exclusive

Rising Population of Asian Immigrants in the U.S. Don’t Trust Advisors

September 14, 2016

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 Riding High Eight Years After Bailout

September 14, 2016

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?

Exclusive

Generation X Needs A Shoulder To Lean On

September 12, 2016

Advisors can give Generation X some encouragement and tough love as they prepare for retirement.

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