The chance to utilize Social Security’s popular ‘file-and-suspend’ strategy ends Saturday. Anyone claiming file and suspend up until then will be grandfathered into the system.
Can you accept trail commissions by claiming the Best Interest Contract Exemption within the Department of Labor’s fiduciary rule? Do you have to sell differently? We explain it all.
Thirty-three percent of financial advisors are expected to retire over the next decade. Analysts say the transition phase will allow financial firms to train the next generation of advisors.
Life insurance carriers are expected to begin adapting technology systems to comply with the Department of Labor’s new fiduciary rule by early fall, a consultant says.
Insurance agents are selling more short-term care insurance to seniors to fill gaps in Medicare and as a long-term care planning alternative, according to a new report.
There is precedent for killing the Department of Labor’s fiduciary rule based on its lack of adequate studies. Is the 2010 fight over the SEC’s doomed Rule 151A the blueprint?
Midland National Life offers new e-app technology. Analysts say electronic filing of applications helps speed up the process and avoid needless errors.
GOP senators say the Department of Labor rule will hurt small savers. Their resolution is largely seen as symbolic since it requires President Obama’s signature to take effect.
Hot-selling FIAs were dealt a blow with a surprising late change to the Department of Labor’s fiduciary rule. But analysts say agents should keep selling and the product should remain attractive.
Women have so much to offer the financial services industry. But the industry could do a better job of positioning itself in such a way that women want to be a part of it.
A pair of new studies show retirement confidence sinking to new lows. Americans are not getting the best advice for guaranteed lifetime income products such as annuities, experts say.
Texas Tech group to study and develop a meaning of ‘best interest’ in a bid to help advisors better adjust to the Department of Labor’s fiduciary rule standards.
Fee-based financial planners say they do not foresee any price increases required for them to comply with the new mandates contained in the Department of Labor’s fiduciary rule.
Axa counters lawsuit over cost-of-insurance increase by noting that it secured approval from New York regulators before raising rates. Also, the so-called Filed Rate Doctrine precludes a lawsuit, the company said.
While reports are crediting the Department of Labor for several concessions on its fiduciary rule published last week, there are still several problems with the rule.