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The Insured Retirement Institute, the largest annuity trade group, on Tuesday laid out its 2015 “wish list” for Congress and federal agencies.
Senate Finance Committee Chairman Orrin Hatch said Tuesday the committee will work to shift fiduciary rule making for retirement plans from the Labor Department to the Treasury Department.
A New York broker who participated in a scheme to profit from the death of terminally ill patients through variable annuity sales must return $768,000, says SEC judge.
Annuities provide many accumulation and distribution options—at a cost.
The head of the nation’s largest research trade association for the financial services industry sees potential for independent financial advisors to make money by selling life insurance.
SEC exams will put a greater focus on variable annuities next year, the agency’s exam and inspection chief said Thursday.
Prudential Financial, the second-largest U.S. life insurer, reported a quarterly profit that fell short of market estimates by a wide margin, mainly due to losses tied to its derivatives program.
The insurance firm has named its retirement business Empower reflecting a new era for plan sponsors.
The goal is to have defined contribution plans, defined benefit plans and individual retirement accounts joined in one pool of money or together in a list that workers can readily see, he says.
The U.S. Treasury Department said on Friday it was tweaking its policy for retirement funds to encourage savers to buy annuities, a measure aimed to keep them from outliving their savings.
Clients listening only to headlines can misunderstand rollovers and tax deductions.
The question for advisors is how best to choose the right managers.
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