James Poe failed to disclose material conflicts of interest to investors, including receipt of a 20% fee through a firm he owned, according to the Texas State Securities Board.
If the Labor Department has its way, say goodbye to the variable annuity industry as we know it. </br><b><i>(Related: <a href="http://www.investmentnews.com/section/specialreport/20160221/ANNUITY22016" target="_blank">Spotlight on Annuity Strategies special report</a>)</b></i>
Security Benefit, Allianz and New York Life all debuted new fixed annuity products in March that seek to benefit investors in a rising-rate environment.
The insurer allegedly made false representations to investors over the strength of its long-term-care business.
Annuity and life insurance products would likely see better contract guarantees long-term.
The Securities and Exchange Commission will be looking at ETF sales strategies, trading practices and disclosures, as well as suitability and sales supervision of variable annuities.
Case highlights vulnerability of advisers when they don't use up-to-date methods to project costs.
Their features require careful explanation, but today's fixed indexed annuities can offer upside for clients.
Advisers need to bear in mind that this cousin of traditional universal life insurance requires unique precautions.
Distribution of more variable annuities in an advisory rather than commission environment could play out as a result of Labor Department regulation.
<i>Breakfast with Benjamin</i> Donald Trump's health care plans includes repealing Obamacare, along with six other points. It promises to be yuuge.
There is a critical nexus between financial advising, tax planning and health care planning that is more and more important in today's world.
Commonwealth brokers can no longer sell L share class variable annuities, as industrywide scrutiny of these annuity contracts grows.
Classifying America's biggest life insurer as a systemically important financial institution gets rejected by a federal judge.
The factors influencing a shift toward indexed annuities and away from variable annuities
The second-largest U.S. mutual fund company stopped sales of MetLife's annuities in light of uncertainty surrounding a possible sale of its retail unit.
After non-bank systemically important financial institution designation, insurer is weighing a possible sale, spinoff or public offering
Low comfort level with LTC products makes advisers recoil, but some think that's a weak argument.
Nationwide's sales jumped 460% in 2015 as a new product and distribution partnership has begun to bear fruit.
The deal is part of a broader deal announced Feb. 29 between the two insurers, which includes the purchase of MetLife's Premier Client Group.
