The Assets: Insurance planning
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April 11, 2019Judge Forces Ohio National into Arbitration Over Annuity Trail Commission FurorA Massachusetts federal judge says arbitration is appropriate for a suit brought by Commonwealth and one of its advisors.No Comments
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April 10, 2019Morgan Stanley Loses Appeal on Annuity Distribution SuitAn appeals court rules that the firm and the broker must defend a lawsuit alleging the plaintiffs suffered close to $300,000 in tax liabilities as a result of allegedly negligent advice.No Comments
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April 9, 2019State Insurance Official Fired After Arguing an FA Should be BarredCase highlights how regulators and arbitrators can come to different conclusions about broker conduct.Last Comment: April 9, 2019
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April 3, 2019Ameriprise Sells Off Costly Unit to Focus More on Wealth ManagementThe unit was hit with catastrophic losses in the California wildfires last year.No Comments
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April 1, 2019House Committee Introduces Sweeping Retirement LegislationThe bill also revives an income-stream provision that fund giants have slammed for giving the government’s "imprimatur" to annuities.No Comments
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March 4, 2019Insurance Lobby Reiterates Support for SEC’s Regulation Best InterestBut the proposal attracts criticism from a ranking member of the Senate Banking Committee.No Comments
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February 26, 2019Rollovers and Annuity Sales Soar After DOL Rule's DeathTraditional IRA rollovers are expected to top $466 billion this year and reach $505 billion by 2012, according to a recent report.No Comments
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February 22, 2019Ohio National Extends Buyout Offer over Controversial Variable Annuity Trailing CommissionsBroker-dealers and registered representatives now have until March 15 to decide if they want to surrender or exchange their contracts for more money.No Comments
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February 20, 2019Insurance and Annuities to be Subjected to Best Interest Standard at State LevelBeginning in August, the standard will apply to broker-dealers and insurance agents licensed in the state or making recommendations to New York residents.No Comments
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February 12, 2019How FAs Can Overcome Their Clients’ Annuity AversionMany pre-retirees are sensitive to the perception of unfairness in an insurer ending up with excess funds.No Comments
