Retirement

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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
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
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
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
Bill to cap cap gains rate may hit Senate turbulence
RIAS OCT 11, 2011
Bill to cap cap gains rate may hit Senate turbulence

Sponsors of legislation that would limit on the federal levy on investment income at 15% are confident of strong support in the House. The Senate is another matter, however.

By Mark Schoeff Jr.
That retirement calculator is lying to you and your clients
RETIREMENT PLANNING OCT 11, 2011
That retirement calculator is lying to you and your clients

Forecast returns built into most retirement tools no longer valid, experts say; 8% is history

By John Goff
Ameriprise, Lincoln have strong VA hedging programs: Moody's
LIFE INSURANCE AND ANNUITIES OCT 11, 2011
Ameriprise, Lincoln have strong VA hedging programs: Moody's

Ameriprise Financial Inc. counts on controlled distribution and Lincoln National Corp. 'goes Greek' to hedge variable annuities.

By Darla Mercado
401(k) balances at record level, Fidelity says
RETIREMENT PLANNING OCT 11, 2011
401(k) balances at record level, Fidelity says

Average balances of 401(k) retirement plans reached the highest level since Fidelity Investments began tracking account values in 1998.

By Doug Cubberley
Return to sender: U.S. to benefit from China wage growth
RETIREMENT PLANNING OCT 10, 2011
Return to sender: U.S. to benefit from China wage growth

Rising labor costs in China will prompt American factories to move production back to the U.S., creating up to 3.2 million jobs by 2020, the Boston Consulting Group said.

By Doug Cubberley