MetLife Shelves 148-Year-Old U.S. Retail Brand for ‘Brighthouse’
The insurer is seeking to give a fresh identity to the U.S. operation that offers annuities and life insurance policies to individuals.
Goldman Sachs Profit Jumps 74% on Bond Trading: Q2 Earnings
Fixed-income revenue rises 33%, equities revenue drops 11%; firm’s compensation costs decline 13% to $3.3 billion.
After the DOL Fiduciary Rule, Enter the Fee-Based Variable Annuity
The long-suffering product class may be ripe for a comeback as hefty VA commissions are frowned upon under the DOL rule.
DOL Files to Consolidate 3 Fiduciary Suits in Texas; House Sets Veto-Override Vote
The plaintiffs agree to consolidation but want the court to "proceed quickly" as the first deadline approaches in less than a year.
Top Portfolio Products: Strategy Shares Launches With 2 Actively Managed ETFs
Products and services added during the past week go well beyond the usual new ETFs to include an investment banking platform and phone-based advice service.
6 Economic Predictions for 2016 and Beyond: SIFMA
Fed rate hikes in the summer and winter remain "the majority forecast, if just barely," the group says.
A Glimpse of the Future of Annuities
Lower commissions and the continued decline of VAs are among the likely effects of the DOL fiduciary rule and other market forces.
Top 4 Reasons You Better Discuss Social Security With Clients
Among them, the risk of losing clients who would rather switch to an advisor who will.
Q1 Annuity Sales Up 7.6% From Year Ago, but Will DOL Kill Growth?
While annuity sales remain strong, according to an IRI report, annuity groups are fighting to minimize the DOL fiduicary rule's impact on the industry.
Global Investors Sitting on ‘Mountain of Cash’: BofA Merrill Survey
With cash holdings the highest since 2001, fund managers consider the June 23 Brexit vote the biggest tail risk.