Representatives of life insurance and annuity issuers argue the labor department’s defense suffers the same weaknesses as its 2016 predecessor.
Industry veteran Craig Hawley set to take over as leader of Nationwide Annuity pushes through with retirement.
Quarterly index research reveals heightened worries over inflation, politics, and market turbulence in the next 12 months.
The firm breached Finra rules when it directed some $2.9M in compensation to go to an unregistered entity, the regulator said.
The firm’s failure to flag a rogue representative’s unapproved transactions led to more than $7.2M in losses for at least 30 customers, says Finra.
More retirees are discarding traditional strategies as higher expenses and obligations put them on the financial back foot.
The company is the latest targeted over annuity deals with Athene Annuity and Life Co.
Despite 91 percent being in a workplace savings plan, uncertainty over saving, debt, and other issues are making healthcare employees doubtful.
The amendments aimed at fostering a more tailored approach to disclosure for non-variable annuities sparked concerns for one dissenting commissioner.
Most people don't plan bequests and many unnecessarily cut back on discretionary spending in retirement, according to a paper from an industry group.
The proposed legislation governing funds for fiscal year 2025 would hamper the agency’s ability to administer, implement, or enforce the rule.
Firms must take reasonable steps to avoid financial advisors' selling away, one compliance expert noted.
Prudential Life says there’s hope for 55-year-olds even as trends of inflation, disappearing DB pensions and “silver squatters” wear on.
New PIMCO study underscores trends in non-guaranteed income solutions, QDIAs, and diverging approaches to address retirees' needs.
'The evidence further reflected a pattern of churning,' one executive said about the case.
The firm’s new head of advanced wealth solutions comes with deep expertise in retirement income, life insurance, and annuities.
Sales through March in 2024 were the highest seen during the first quarter of a year, according to Limra.
A coalition of trade associations including the Insured Retirement Institute, ACLI, and NAIFA has filed a civil suit against the contentious Retirement Security rule.
Research lifts lid on RIAs' use of annuities, growth strategies, and opportunity to take wallet share from banks.
Latest survey reveals all-time high of $106.7B in Q1 sales, with winning streaks in fixed-rate deferred annuities, FIAs, and RILAs.
