Does DOL Fiduciary Rule Create a New Right to Sue?
The lawsuit by NAFA challenges the rule on six counts, but the key question is whether the rule creates a new private right of action.
A Tale of Woe: Boomers Trying to Build a Retirement Nest Egg
Eight in 10 boomers don't know the amount of pre-retirement income they’d feel comfortable living on into their golden years.
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.