New fixed-indexed annuity products with shorter seven-year surrender periods are driving down commissions, new data shows. First-quarter indexed annuity commissions dropped to 4.96 percent from 5.37 percent a year ago.
Read moreA panel discussion at an industry conference looked at what could be next for the fiduciary rule.
Ohio National adds creative rider to new fixed-indexed annuity product. Does it signify future direction of FIA products? How will the impending fiduciary rules affect sales?
The ‘duty of care’ is just one of the fiduciary duties required by the DOL Rule, which takes effect Friday. Our Kim O’Brien explains how the duty of care impacts the financial advice advisors give.
Financial planners say pressure from taxes and regulation are making them less likely to recommend life and annuity products. Can these products adapt and thrive beyond 2017?
States are charging into the fiduciary pool, with Nevada passing a fiduciary standard for any advisors licensed to do business in the state. Others are seeking fiduciary language via other means.
A panel discussion at an industry conference looked at what could be next for the fiduciary rule.
The Department of Labor fiduciary rule begins taking effect at 11:59 tonight. That means acting as a fiduciary, making no misleading statements and accepting only “reasonable compensation.”
Firms large and small make their final moves to get into compliance with the Department of Labor fiduciary rule, which begins taking effect at 11:59 p.m. Friday. What comes next?
Ohio National adds creative rider to new fixed-indexed annuity product. Does it signify future direction of FIA products? How will the impending fiduciary rules affect sales?
Labor Secretary Alexander Acosta blasts the Obama administration for failing to consider industry concerns about the fiduciary rule. The DOL is busy reviewing the rule for possible changes, he told a House subcommittee today.
The ‘duty of care’ is just one of the fiduciary duties required by the DOL Rule, which takes effect Friday. Our Kim O’Brien explains how the duty of care impacts the financial advice advisors give.
Defined contribution plan-focused online advisory firms are expected to double over the next five years as clients flock to a pay-as-you-go method of saving for retirement, according to an industry expert.
Any lawyer can sue on recommendations made after June 9 under the new fiduciary rule, one industry analyst says. Here’s what agents/advisors need to do to meet the new compensation regs.
Literally all avenues remain open to Labor Secretary Alexander Acosta to amend or rewrite the controversial fiduciary rule, analysts say. The rule begins to take effect June 9.
The Department of Labor’s fiduciary rule will be applied on June 9, but lightly and with a review before the…
The Department of Labor fiduciary rule will begin taking effect as scheduled on June 9 after new Labor Secretary Alexander Acosta declined to delay the rule again.
Washington, D.C. (May 19, 2017) – NAFA, the National Association for Fixed Annuities, is continuing its full-court press on the…
Industry witnesses joined House Republicans Thursday in calling on President Donald J. Trump to further delay the Department of Labor fiduciary rule. The rule is slated to take effect in two phases: June 9 and Jan. 1, 2018.
Can the insurance-only agent not only survive but prosper under the Department of Labor fiduciary rule? Our Kim O’Brien says yes. She explains how in the first of a four-part series.
Newly sworn-in Secretary Alexander Acosta holds the fate of the Department of Labor fiduciary rule. Will he choose to fight to delay and amend the Obama-crafted rule? Absent a reprieve, the rule begins taking effect June 9.
Republican-led House is eager to pass legislation gutting Dodd-Frank and blocking the Department of Labor fiduciary rule; Will the Senate go along?
Variable annuity sales plunged by 21 percent last year over 2015, but the drop could be over, some analysts predict. A resolution to the Department of Labor fiduciary rule would help.
Voya Financial credits new products, expanded distribution and higher agent productivity for strong first-quarter numbers.
More than 100 Republican lawmakers sign a letter asking Department of Labor Secretary Alexander Acosta to eliminate the fiduciary rule.
Annuities are the perfect compliment to Social Security to provide Americans with income that cannot outlive, notes our Kim O’Brien. So why in the Department of Labor trying to squash the products?
Bank annuity sales in the third quarter reached a record $937 billion, but the other three quarters were among the six smallest quarters in the last five years, a new report finds.
Access to advisors is normally cost-effective and crucial for those saving for retirement, our Kim O’Brien says. But the DOL fiduciary rule threatens to change that.
Comments were accepted for 15 days on a 60-day delay of the rule, and for 45 days on the rule itself. Now we wait to see what the Department of Labor does next.
The Department of Labor is accepting public comments on its controversial fiduciary rule through the end of the day Monday. Recent history indicates that public feedback is effective in shaping a final rule.
Committing to a client-first advisory means meticulous records, strong cyber-security and making sure the client fully understands the investment decisions you are proposing. Our Kim O’Brien explains in her weekly column.
The Department of Labor delayed its controversial fiduciary rule by 60 days, but it a closer look reveals the agency is not backing off the tougher aspects of the rule, a leading law firm states.
New survey data finds that roughly two-thirds of investors say they really want good, conflict-free fiduciary advice, yet few are willing to pay extra for it. Can advisors respond to the challenge?
Sen. Elizabeth Warren, D-Mass., says the 60-day delay in the Department of Labor fiduciary rule will cost investors nearly $4 billion over 30 years. But are her numbers correct? Not even close, one expert says.
The DOL fiduciary rule might eventually be repealed by President Donald J. Trump’s administration. But advisors are still going to have to change the way they do business, Kim O’Brien says.
The Department of Labor could use the 60-day delay to rework the more controversial aspects of the Obama-authored fiduciary rule, analysts say.
A flood of new income riders attached to fixed annuities powered the product segment to record sales of $117.4 billion last year. Does the popular annuity have legs?
Insurance marketing organizations want the Department of Labor fiduciary rule delayed. In particular, so the department can fix an exemption that will allow marketing organizations to sell certain annuities.
The Department of Labor sent its rule Tuesday mandating a 60-day delay of its controversial fiduciary rule to the Office of Management and Budget. The delay is expected to become official soon.
The Department of Labor received 1,001 individual comments and 20 petitions on a tentative 60-day delay of its controversial fiduciary rule. How will the comments influence the DOL approach?
Delay is the first step in defeating the Department of Labor fiduciary rule, says our Kim O’Brien. That’s why the Americans for Annuity Protection support delay, then repeal.
Alexander Acosta, Labor secretary nominee, deflected a grilling today from Sen. Elizabeth Warren on the department’s controversial fiduciary rule. Acosta said he will follow the president’s directive on the rule.
Judge Barbara M.G. Lynn cites a string of court losses in refusing to grant an injunction halting the Department of Labor fiduciary rule. Three courts have ruled against plaintiffs so far.
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