DOL Posts Indexed Annuity Fiduciary Rule Exemption Draft
To get supervisory responsibility, a marketing organization might need $1.5 billion in annual sales.
State Crackdown on Annuities Sharpens Suitability Issues for Advisors
As states crack down on suitability review issues, an advisor’s ability to determine which annuity product is advisable has never been more important.
ProShares, UBS Launch 2 Oil-Linked ETNs: Top Portfolio Products
In other product news, Thornburg launched its first liquid alternative fund.
DOL Tries to Clarify QDIA Regs on Annuities in TDFs
Can target-date funds that feature annuities be used as qualified default investment alternatives in 401(k) plans? The DOL tries to explain.
New York Probes ‘Troubling’ Annuity Replacement Practices by Insurers
Regulator warns it will take “appropriate action” against insurers and brokers making 1035 exchanges of deferred annuities with immediate annuities.
31% Cut in Social Security Benefits Needed by 2031: CBO
An earlier report from the Social Security Trust Fund projected a 21% cut in benefits beginning in 2034 if the status quo remains.
Wirehouses Reps Move to Baird, RBC: Recruiting Roundup
Meanwhile, two LPL-affiliated wealth firms with $2 billion in combined assets plan to merge.
Sex, Drugs and Pay-to-Play Fraud Hit New York Pension Fund: SEC
Two brokers were charged with providing thousands of dollars in gifts to a former NY state pension fund official in exchange for billions in business.
FINRA’s 12 Fines of Christmas: Wells Fargo, LPL Flub Security of Records
The companies were fined a total of $14.4 million, as some firms failed to keep millions of records in the proper electronic format.
The Roth Annuity: A Bright Star in Annuity Investing
Adding a Roth IRA can eliminate or reduce the impact of the downsides of an annuity investing strategy and can improve the future tax scenario.