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House Republicans to SEC: Halt fiduciary duty rulemaking
House Republicans want the SEC to halt its fiduciary duty rulemaking. Why? The GOP lawmakers say the commission needs to look harder at the impact of a universal standard of care.
Annuity tax alteration may hurt middle class
Preoccupied by a battle over federal spending, Congress has barely begun considering another piece of budget balancing: comprehensive tax reform
Coping with costs and compliance
For newly minted sole practitioner Andrew J. Feldman, the toughest part about striking out on his own has been coping with the cost of doing business
DOL extends period for grousing about ‘fiduciary’ definition
Department pushes back deadline for comments by 15 days
Japan temblor alone probably won’t swamp reinsurers
Probably not, although when paired with other recent disasters, carriers' pain could be chronic
Retirement confidence hits skids
American workers' confidence in having enough money for a comfortable retirement dropped to its lowest level in more than 20 years, and an increasing number of employees now plan to work past 65
Firms are omitting annuities in new retirement income products
The move more than likely signals a shift from accumulation -- but without insurance lock-ins
Sen. Harkin: New retirement scheme hinges on advisers
A congressional leader sees a key role for investment advisers in his vision for reform of the retirement system
Target groups see changes to rankings
Morningstar Inc. has updated its quarterly ranking of large target date fund groups, raising its rating on TIAA-CREF and MassMutual Retirement Services, while lowering its rating on Fidelity Investments
New York’s broker pay disclosure law not retroactive, court says
Insurance brokers don't have to disclose incentive arrangements with insurers that were entered into before New York state's disclosure regulation took effect Jan. 1, the New York Court of Appeals has ruled
Nationwide’s latest VA wrinkle raises eyebrows
Advisers have mixed feelings about volatility dampener; 'really restrictive'
All-ETF VA gives a hedge edge, Moody’s says
Western & Southern Financial Group Inc.'s decision to base its variable annuity investment options on exchange-traded funds is a positive for the insurer, allowing it to better manage market risk tied to the products, according to Moody's Investors Service
Backer of life settlements hit with fraud charges
SEC claims that Provident Capital made false statements about its ability to cover its bond obligations
Deferral denial? Annuity tax alteration would wound middle class
IRI report is pre-emptive strike against possible tax change
Insurers likely to sweeten indexed annuities
Higher interest rates are likely to result in insurers' sweetening their fixed-indexed-annuity offerings this year as they try to catch a wave of renewed investor interest
Obama takes tax whack at insurers
Corporate-owned life insurance is on the chopping block as President Barack Obama releases his 2012 budget
Suit: Prudential made $500M off vets’ death-benefit money
Lawsuit claims insurer profited mightily off retained-asset accounts; lump-sum payment or not?
Pru’s pared-down VA has some advisers grumbling
Growth on protected value cut back; company cites low interest rates
Genworth bows out of variable annuity business
Genworth Financial Inc.is exiting the variable annuities market.
All for one
Bring on the fiduciary standard. In a recent InvestmentNews survey of almost 600 advisers, registered reps, financial planners, insurance agents and others, 69.2% said that they agree with the SEC's staff recommendation that any financial professional giving personalized investment advice be deemed a fiduciary