Bruce Wing has been named vice president of life distribution at Old Mutual Financial Network. He is responsible for leading all sales and marketing activities related to the life products of OM Financial Life Insurance Company and OM Financial Life Insurance Company of New York. Before joining OMFN, Wing was vice president of business development for Transamerica Reinsurance.
The Retirement Security Working Group could also push for new producer education requirements.
RetireOne says the deal should help it provide better support for RIAs.
The rulings will help fee-based advisors keep fee payments out of annuity-owning clients' taxable income.
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