The New York City Comptroller’s call for a fiduciary standard has to do with the city’s powerful position in the financial services industry…
Financial advisors Thomas R. Hokr and Chris Sherwin have joined the Minneapolis-based registered investment advisory (RIA) Martin Financial Services…
In today’s market, guaranteed lifetime withdrawal benefit (GLWB) features are commonplace in variable annuities and in fixed index annuities, but much less so in fixed deferred annuities. That may start to change, however…
Speaking at a House Financial Services Committee hearing on the Securities and Exchange Commission budget, Mary Jo White said that the decision to pursue a uniform fiduciary standard aimed at those selling investment products into retirement plans was her own…
MetLife releases an annual statement with good news — and a warning…
Jackson National Life, the top seller of variable annuities in the U.S., reported net income of $379.2 million in 2014. This was a 48 percent drop from $730.2 million in 2013 as the company was forced to boost reserves to make up for falling interest rates…
Fewer than two-thirds of defined contribution plan consultants and advisors surveyed “support client interest or actively promote” use of insurance-related products for retirement income purposes…
The proposed fiduciary standard for the sale of investment products “has the potential to cause a detrimental impact on all American savers, especially middle class investors, and the retirement system as a whole,” according to a white paper…
Guardian Life and Pacific Life have become the latest life insurers to settle with state regulators over unclaimed property related to their use of the Social Security Administration’s Death Master File (DMF) database…
An appeals court has reversed a decision in a stranger-owned life insurance (STOLI) policy case after it found a lower court had failed to apply Minnesota common law in the dispute over a $5 million policy…
Katherine “Katie” L. Wade has been nominated to be the new Connecticut Insurance Commissioner by Gov. Dannel P. Malloy…
The NAIC asked for Congress for a law protecting insureds from subsidizing losses in thrifts…
A new poll finds that it is Generation X, not the baby boomers, who are most worried about retirement readiness…
A survey of 3,803 banks reporting bank-owned life insurance (BOLI) assets has found those assets to be worth $149.6 billion last year. This is an increase of 4 percent compared with 2013…
Being in first place is not new to Allianz Life. It has been the fixed index annuity sales leader for 14 of the last 15 years…
Differing sectors of the industry have embraced new rules governing the illustrations to be used in selling indexed universal life insurance (IUL)…
Advisors must be careful about following an uncapped strategy in a fixed index annuity, according to one expert…
Administrators of 401(k) and similar plans will be allowed up to 14 months to disclose investment fees and other information to plan beneficiaries…
At issue was what Sterling Gary Pepper Jr., owner of an extensive collection of Elvis Presley memorabilia, intended when, two years before his death, he turned to his “nurse, housekeeper, cook, assistant, friend and secretary,” Nancy Pease Whitehead, and said, “Keep it.”…
