NATIONAL LIFE INSURANCE DAY
{May 2nd, 2017} by Wink RockStars
May 2nd marks the anniversary of the day life insurance became available in the United States. 1759 On May 2, 1759, the charter was recorded for the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers — America’s first life insurance company. Known as the Presbyterian Ministers Fund for Life Insurance, […]
Provision to kill DOL fiduciary rule left out of funding bill
{May 1st, 2017} by Mark Schoeff Jr.
Former British Prime Minister Winston Churchill once said that there’s nothing more exhilarating than being shot at and missed. By that standard, supporters of the Department of Labor’s fiduciary rule must be feeling downright giddy. Click HERE to view the full article via InvestmentNews; registration required.
LIMRA/ LOMA Secure Retirement Institute Updates Its Fiduciary Education for Sales and Service Professionals
{May 1st, 2017} by LIMRA LOMA Secure Retirement Institute
WINDSOR, Conn., May 1, 2017 — LIMRA LOMA Secure Retirement Institute today announced it has updated its Fiduciary Education for Sales and Service Professionals, in response to changes in the Department of Labor’s (DOL) fiduciary rule issued in the Federal Register on April 7, 2017. The course, initially launched in October 2016, is an online […]
DOL Fiduciary Rule Spared Death in Spending Bill
{May 1st, 2017} by Melanie Waddell
The $1.07 trillion spending bill passed late Sunday night does not include a rider to block the Department of Labor from implementing its fiduciary rule. Click HERE to view the original story via ThinkAdvisor. The bill, which funds the government through September, also freezes funding for the Securities and Exchange Commission at the fiscal 2016 […]
Annuity Players Continue to Fight Low Rates
{May 1st, 2017} by Allison Bell
Publicly traded annuity market players are continuing to fight the effects of low interest rates and uncertainty about federal annuity sales rules. Click HERE to view the original story via ThinkAdvisor. Financial problems at shopping centers could still hurt the companies’ investments in mortgages, mortgage-backed securities and real estate. At this point, however, the players that have reported […]
Annuity Shift
{May 1st, 2017} by Jim Poolman
National Retirement Planning Week took place in April, and the whole month was Financial Capability Month. April was full of encouragement for individuals to move their retirement savings plans forward. Click HERE to view the original story via ThinkAdvisor. California’s insurance commissioner, Dave Jones, took part: He put out a widely circulated press release encouraging all […]
Despite Fiduciary Rule’s Delay, DOL’s Measure Has Spurred Changes
{May 1st, 2017} by Victoria Finkle
More than six years have passed since the U.S. Department of Labor first rolled out its fiduciary rule for the retirement industry, but whether that rule becomes effective in early June, as now planned, still remains uncertain. Despite the delay, analysts say the mere threat of the federal rule going live — along with a […]
UBS Urges Ultra High Net Worth Families to Develop Strategic Plan for Transfer of Wealth
{May 1st, 2017} by UBS
ZURICH & LONDON, May 1, 2017 /BusinessWire/ — UBS, the world’s largest wealth manager, today announces the launch of the Family Office Compass, a strategic toolkit to help ultra high net worth families flourish across generations. The Family Office Compass addresses one of the key findings of the Global Family Office Report 2016: Nearly 70 percent […]
