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Campaign spending up among advice groups
Brokerage, insurance and mutual fund groups spend more money than investment advisers in quest to gain the ear of lawmakers on both sides of the political aisle.
Adviser groups boost political spending to gain Capitol Hill influence
At least four trade associations reached their highest levels of donations in this election cycle, the FEC reports.
Brokerage groups’ higher spending on lobbying doesn’t kill DOL fiduciary rule
Despite heavily outspending investment adviser groups on lobbying lawmakers in the second quarter, industry trade associations didn't succeed in a key goal.
Adviser, insurance groups step up spending on political campaigns
Some have a board mandate to shell out more, while others have been encouraged by seeing their donations enhance their lobbying efforts.
With anti-DOL fiduciary rule lawsuits, industry organizations’ actions speak louder than words
How can those suing to quash the DOL rule, like SIFMA CEO Ken Bentsen Jr., claim to also support its premise?
Insurance groups ACLI and NAIFA sue DOL over fiduciary rule’s impact on annuities
Third legal complaint against the Labor Department's regulation to raise retirement advice standards is filed in a Texas court by insurance-industry organizations.
This insurance group likely to be first to file DOL fiduciary lawsuit
The ACLI is champing at the bit to get legal action started, but it likely wants to know which other groups will be running before it starts its own race.
Insurance groups opposed to DOL fiduciary rule step up campaign spending
The insurance and brokerage industries have shelled out many more dollars for congressional campaigns and lobbying than investment adviser organizations.
Lawsuits against fiduciary rule likely to cite DOL’s lack of authority
Based on comment letters and testimony before Congress, a court challenge will probably focus on who brokers really answer to
Sen. Warren blasts annuity sales incentives
She claims agents are more interested in winning free vacations than finding the best investments for their clients.
Advisers form coalition to oppose DOL fiduciary rule
Grassroots organization is sponsored by a trade association for life insurance companies.
DOL to launch marathon of hearings on fiduciary rule
The four-day event, featuring 75 witnesses from all sides of the debate testifying on panels together, could get heated.
Insurers dead set against life settlement securitization
The American Council of Life Insurers is asking policymakers to bar the securitization of life settlements.
Insurers cheer approval of life settlement bill
Trade associations representing the life insurance industry and agents last week applauded New York's passage of life settlement legislation.
Advisers wary of insurance industry’s mortgage-backed-securities proposal
Financial advisers and consumer advocates are skeptical of a proposal from the life insurance industry that could reduce the amount of capital that carriers need to hold against residential-mortgage-backed securities.
Trade groups spend millions to influence Capitol Hill agenda
Groups representing financial advisers and all facets of the financial services industry spent big bucks lobbying Congress during the second quarter, according to recent filings with the House of Representatives' Office of the Clerk.
ACLI concerned about disability insurance program
The American Council of Life Insurers is worried about efforts to establish a voluntary disability in-surance program.
ACLI elects slate of officers
Patrick S. Baird, president and chief executive of Aegon USA Inc. of Cedar Rapids, Iowa, will serve as the chairman of the Washington-based life insurance trade association for one year.
Insurance org. pushes for federal presence
The financial crisis engulfing Wall Street underscores the need for a federal presence watching over the insurance industry, the American Council of Life Insurers told Treasury Secretary Henry Paulson today.
