The Assets: Insurance planning
April 11, 2019
Judge Forces Ohio National into Arbitration Over Annuity Trail Commission Furor
A Massachusetts federal judge says arbitration is appropriate for a suit brought by Commonwealth and one of its advisors.
April 10, 2019
Morgan Stanley Loses Appeal on Annuity Distribution Suit
An 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.
April 9, 2019
State Insurance Official Fired After Arguing an FA Should be Barred
Case highlights how regulators and arbitrators can come to different conclusions about broker conduct.
Last Comment: April 9, 2019
April 3, 2019
Ameriprise Sells Off Costly Unit to Focus More on Wealth Management
The unit was hit with catastrophic losses in the California wildfires last year.
April 1, 2019
House Committee Introduces Sweeping Retirement Legislation
The bill also revives an income-stream provision that fund giants have slammed for giving the government’s "imprimatur" to annuities.
March 4, 2019
Insurance Lobby Reiterates Support for SEC’s Regulation Best Interest
But the proposal attracts criticism from a ranking member of the Senate Banking Committee.
February 26, 2019
Rollovers and Annuity Sales Soar After DOL Rule's Death
Traditional IRA rollovers are expected to top $466 billion this year and reach $505 billion by 2012, according to a recent report.
February 22, 2019
Ohio National Extends Buyout Offer over Controversial Variable Annuity Trailing Commissions
Broker-dealers and registered representatives now have until March 15 to decide if they want to surrender or exchange their contracts for more money.
Last Comment: August 19, 2019
February 20, 2019
Insurance and Annuities to be Subjected to Best Interest Standard at State Level
Beginning in August, the standard will apply to broker-dealers and insurance agents licensed in the state or making recommendations to New York residents.
February 12, 2019
How FAs Can Overcome Their Clients’ Annuity Aversion
Many pre-retirees are sensitive to the perception of unfairness in an insurer ending up with excess funds.