The Assets: Insurance planning
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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
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February 11, 2019Variable Annuities are Still Being Recommended — Despite Ohio National FalloutSome FAs aren’t bothered by client questions on the reliability of variable selling agreements.Last Comment: February 11, 2019
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February 11, 2019Maryland Introduces Legislation for a State Fiduciary RuleA bill in the state senate proposes to hold insurance agents as well as advisors and brokers to the fiduciary standard.No Comments
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January 28, 2019Startup Promises Amazon Prime-like Services for FAsChalice Financial Network is a software-as-a-service-based member benefit organization offering subscription-based access to a slew of wealth management-related services.No Comments
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January 28, 2019LPL Amends VA Contracts in Light of Ohio National Annuity DebacleLPL has renegotiated agreements with all 15 annuity partners following Ohio National’s decision to stop paying trailing commissions.Last Comment: January 28, 2019
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January 24, 2019Maryland, Nevada Push for State-Level Fiduciary RulesThe Maryland legislature is expected to put forward a bill while Nevada introduced a fiduciary rule to implement legislation passed in 2017.No Comments
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January 15, 2019Indiana Brokerage Fined $125K Over Alleged Annuity Supervision FailuresCFD Investments allegedly failed to supervise suitability concerns of annuity share classes.No Comments
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January 15, 2019Why the Ohio National Annuity Legal Debacle May Resolve Faster Than You ThinkSome plaintiff lawyers see the issue as a straight-up breach of contract.No Comments
