Insurers to ‘Have Their Butts Sued Off’ Under DOL Fiduciary Rule: NAFA Lawyer
In the first hearing in a series of lawsuits, NAFA argues the DOL fiduciary rule embodies overreach to do things Congress never intended.
What Advisors May Not Know About the DOL Fiduciary Rule
Pension law attorney Marcia Wagner lays out not just the basics of the rule but some details that may surprise you.
Why Aren’t Retirement Savers Choosing Annuities?
Despite annuities’ benefits, Americans aren't buying into them.
Should You Hoard Cash Before the Election?
Gary Shilling suggests cash allocations of 30% to 50%; S&P's Sam Stovall says holding cash makes sense. But there are less dramatic ways to speculate.
Another Way to Look at Robo-Advisors: The Doctor Analogy
When you were sick, wonders Exceed Investments’ Joe Halpern, “have you ever gone to a robo-doctor?”
With Shares Up, AIG Executives Remain Optimistic
AIG shares increase on higher-than-expected second-quarter earnings as the company reshapes itself under intense pressure from institutional investors.
MetLife Net Falls 90% on Review of Annuities Slated for Exit
MetLife said second-quarter profit tumbled 90% on a review of the prospects of a variable annuity business the firm is seeking to exit.
Broker-Dealers Embrace DOL's Best Interest Contract Exemption
Several insurance carriers have indicated they will attempt to comply with the DOL’s best interest contract exemption rather than exiting certain lines of business.
Top Portfolio Products: Additions and Subtractions for Direxion ETFs
Direxion announced two new ETFs plus splits for five ETFs that rallied sharply and reverse splits for four that suffered large losses.
Pension Plan Annuity Elections: Another Retirement Planning Gamble
Following up on the Social Security claiming "gamble," here's another complicated retirement income issue: deciding on the best pension payout.