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LIFE INSURANCE AND ANNUITIES OCT 12, 2011
Annuity reg vote pushed back due to Irene

NAIC's summer meeting in Philadelphia washed out by Hurricane Irene; decision on disclosure model to come later this month

By Darla Mercado
No financial stocks? Ex-Fairholme managers not just like Bruce
INDUSTRY NEWS OCT 12, 2011
No financial stocks? Ex-Fairholme managers not just like Bruce

New fund launched by ex-Berkowitz employees heavy on tech, light on banks; seen as a possible selling point

By Jessica Toonkel
Iowa draws clear line for insurance agents and securities brokers
LIFE INSURANCE AND ANNUITIES OCT 12, 2011
Iowa draws clear line for insurance agents and securities brokers

The state of Iowa finally issued it's long-awaited guidance on what insurance agents and securities brokers can — and can't —do when working with clients

By Darla Mercado
LIFE INSURANCE AND ANNUITIES OCT 12, 2011
Illinois advisers lose securities licenses for liquidating annuities

By Darla Mercado
Regulatory turf war brewing over indexed annuities?
LIFE INSURANCE AND ANNUITIES OCT 12, 2011
Regulatory turf war brewing over indexed annuities?

Fine issued by Illinois securities cops over sale of fixed annuities raises questions of jurisdiction; others say no conflict exists

By Darla Mercado
LIFE INSURANCE AND ANNUITIES OCT 12, 2011
Iowa to shed light on sources of insurance funding

In a move that could affect the sales of securities and insurance in the state, Iowa's insurance regulator this week is expected to issue guidance on how far insurance agents and brokers can go in advising clients on the suitable sources of funds for insurance products

By Darla Mercado
LIFE INSURANCE AND ANNUITIES OCT 12, 2011
Annuity exam overload could prompt product pruning

Annuity exam overload, including extra training, could prompt some advisers to limit customer choice.

By Darla Mercado
State crackdown could be the death of some universal life policies
RIAS OCT 11, 2011
State crackdown could be the death of some universal life policies

Push for larger reserves could push some insurers right out of the business; vendors fighting back

By Darla Mercado
Insurance advisory committee full of industry insiders, one notable outsider
LIFE INSURANCE AND ANNUITIES OCT 11, 2011
Insurance advisory committee full of industry insiders, one notable outsider

Birnbaum the sole consumer advocate on newly formed panel; 'really going to stand out'

By Darla Mercado
MetLife reins in popular VA benefits rider — again
LIFE INSURANCE AND ANNUITIES OCT 11, 2011
MetLife reins in popular VA benefits rider — again

Regulator filing details second benefits cut since May launch

By Darla Mercado
House votes to kill 3% withholding tax on government contractors
REGULATION AND LEGISLATION OCT 11, 2011
House votes to kill 3% withholding tax on government contractors

Bill should be good news for FAs who work with state and federal agencies; FSI lauds passage

By Mark Schoeff Jr.
IRS boosts caps on 401(k) contribution, death tax exemption
RETIREMENT PLANNING OCT 11, 2011
IRS boosts caps on 401(k) contribution, death tax exemption

The bad news: the hike for retirement plan kick-ins is puny, while the estate tax exclusion plummets next year

By John Goff
RETIREMENT PLANNING OCT 11, 2011
LTCI too pricey even for Uncle Sam as CLASS Act yanked

Citing costs, government pulls plug on controversial long-term-care insurance plan; 'we're right where we have been operating'

By Darla Mercado
Wasserstein haunts Harry & David in buyout doomed to bankruptcy
RETIREMENT PLANNING OCT 11, 2011
Wasserstein haunts Harry & David in buyout doomed to bankruptcy

Bruce Wasserstein, dead for two years, still casts a pall over the Rogue River Valley of southern Oregon, home of Harry & David Holdings Inc.

By Doug Cubberley
LIFE INSURANCE AND ANNUITIES OCT 11, 2011
Nine mistakes clients make when buying insurance

By John Goff
Guilded age? Allstate's independent contractors one step closer to union
LIFE INSURANCE AND ANNUITIES OCT 11, 2011
Guilded age? Allstate's independent contractors one step closer to union

Long time come, but agents finally form guild to have leverage over corporate office decisions

By Darla Mercado
Wells Fargo has record year while Goldman's earnings collapse
INDUSTRY NEWS OCT 11, 2011
Wells Fargo has record year while Goldman's earnings collapse

Goldman Sachs Group Inc. may report its lowest quarterly profit since the 2008 financial crisis while Wells Fargo & Co. is headed for record earnings.

By Doug Cubberley
INDUSTRY NEWS OCT 11, 2011
Asset allocation for the long haul

Most individual invest-ors have one major investment goal — to save enough for retirement

By MFXFeeder
BROKER DEALERS OCT 11, 2011
Ladenburg chairman boasts about growth

Investor Phillip Frost, the largest shareholder in, and chairman of, Ladenburg Thalmann Financial Services Inc., issued a challenge Friday to the independent-brokerage business, saying that his firm's plans to expand are second to none

By Bruce Kelly
MetLife to take charge of up to $135M to pay death benefits
LIFE INSURANCE AND ANNUITIES OCT 11, 2011
MetLife to take charge of up to $135M to pay death benefits

MetLife Inc. will take a charge of up to $135 million for unpaid death benefits based on Social Security Administration records.

By Doug Cubberley