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Advisers wary of insurance industry’s mortgage-backed-securities proposal

Financial advisers and consumer advocates are skeptical of a proposal from the life insurance industry that could reduce the amount of capital that carriers need to hold against residential-mortgage-backed securities.

Financial advisers and consumer advocates are skeptical of a proposal from the life insurance industry that could reduce the amount of capital that carriers need to hold against residential-mortgage-backed securities.

Last month, the American Council of Life Insurers submitted a proposal to

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