New York Life reported record earnings for 2014 despite the low interest rate environment that has dampened profits on the entire financial services industry…
Legislative experts said the recent attention lawmakers have been lavishing on annuities should be seen as a good sign for the financial services industry as a whole, not simply a win at the expense of the mutual fund industry…
Retirement plan experts said that 401(k)s, the main pillars of the nation’s private sector defined contribution system, must offer plan participants more income choices as a way to secure the withdrawal or decumulation phase of a retirement plan…
Outside of the top tier carriers, most of the annuity industry has not yet implemented a digital signature approach that fits into the existing sales process while also providing adequate legal protection to the carrier, researchers said…
If outflows from 401(k) accounts surpass in-flows, it could become an issue, but the question is for whom, a wealth manager said…
Despite the uptick in personal saving rates, many households continue to be hard pressed to put away money…
Investors in defined contribution benefit plans such as 40(k)s who believe they need advice find one-on-one meetings with a financial professional the best way to go, according to a new Wells Fargo/Gallup poll…
Forty percent of survey respondents said their biggest financial regret is not having saved enough for retirement…
A survey on retirement readiness shows that those who own annuities, as well as life and long-term care insurance, are the most prepared for the post-employment life…
New York state officials are ratcheting up their efforts to ensure that all financial institutions they regulate are paying strict attention to cybersecurity…
A lawyers’ association says the feds have been too slow with fiduciary standard…
Although wirehouse advisors make up 16 percent of overall advisor headcount, they control 42 percent of all traditionally advised assets, according to a new report by Cerulli Associates…
Insurance carriers can enhance risk-adjusted returns by diversifying portfolios into nontraditional and alternative asset classes, according to Conning research…
The Department of Labor proposal dealing with a new fiduciary standard will not outlaw payment of commissions. In addition, the proposal will contain detailed language dealing with proposed prohibited transaction exemptions (PTE), Secretary Thomas E. Perez said…
The House Intelligence Committee passes a bill aimed at sharing cyber threat information while the National Association of Insurance Commissioners is scheduled to discuss cybersecurity at its meeting this weekend…
Fiduciary standards may sound good in principle, but in the end, “you can’t regulate morality,” one financial advisor said…
Senator says the too-big-to-fail designation is like Hotel California — you can never leave…
The American Council of Life Insurers and the Investment Company Institute say the SIFI process is not transparent and exceeds regulatory authority in Senate hearing…
