Secretary of Labor Thomas E. Perez said his agency has clear authority to impose a fiduciary standard of care with or without participation of the Securities and Exchange Commission…
Penn Mutual has announced the appointment of Jessica Choi as assistant vice president of talent acquisition and diversity…
A bill pending in the Maryland Legislature that would raise deductibles for self-insured small businesses has opponents and some business groups fuming that they will have fewer choices with which to cover their employees…
The sales ranking game can be a lot more rough-and-tumble for annuity carriers than many people realize…
A Thrivent executive said she sees the primary market being middle-income Americans with a lot of qualified dollars, sufficient to generate RMDs that are beyond the person’s spending needs…
The Securities and Exchange Commission should implement a uniform fiduciary duty for broker/dealers and investment advisors, SEC chairman Mary Jo White said…
The Securities and Exchange Commission (SEC) plans to continue its targeted examination of the cybersecurity processes of registered investment advisors this year, an agency official said at a recent conference…
The National Association of Insurance Commissioners (NAIC) said that it is “now turning its sights” to the use of captives by insurers in their variable annuity (VA) businesses…
“The court will not often come across a case as troubling as this one,” wrote the judge who offered a dissenting opinion on the case…
The White House used flawed economic reasoning to justify tightening the rules governing the investment advice provided to owners of retirement accounts, according to a study…
The retirement savings crisis in the U.S. is not only serious, it “continues to worsen,” according to a newly-released study…
Eight consumer groups are demanding that the Securities and Exchange Commission (SEC) prioritize its investor protection mission, including implementation of a uniform fiduciary standard on sale of investment products…
Fourth-quarter new sales of variable annuities (VAs) dropped 6.1 percent to $33.06 billion from $35.2 billion in the year-ago period. Jackson National retained the top spot, according to data by Morningstar…
An annuity company official says wearable technology such as the Apple Watch could provide a wealth of information for the insurance industry…
An NBC financial editor spoke out in favor of annuities while a U.S. Senator ripped into the financial advice industry…
The American Retirement Association represents 22,000 members serving retirement plans ranging from traditional defined benefit pension plans to 401(k), 403(b) and 457 plans…
At issue is the way the Department of Veterans Affairs (VA) uses asset transfers and penalty periods to deny or discontinue benefits if a beneficiary’s net worth and annual income exceeds a certain amount…
Like every investment being considered by a financial advisor, the life settlement option must pass the “does it make sense for the client” test…
Big data provides many opportunities to qualify prospects more easily and speed up the sales process. But there are still limitations to much of the information that insurance and financial professionals have at their fingertips…
