Regulation blues
By Daniel WilliamsAs if the industry didn't already have enough on its plate with SEC 151A looming, word leaked recently that a bill is making its way through the House that would give the biggest insurance companies an option to choose who would regulate them -- state governments or the Fed.
April 30, 2009
An ace (of spades) in the holeThe U.S. Senate Special Committee on Aging held a hearing yesterday, "Betting on Death in the Life Settlement Market - What's at Stake for Seniors," to determine whether or not life settlements are an appropriate investment for seniors.
April 30, 2009
Wealth survey reveals advisor gaps"The continuing economic turmoil has stripped America's millionaires of their confidence and sense of security; they are feeling far worse off than they did during the last economic downturn in 2003," said Walter H. Zultowski, the survey's creator.
April 30, 2009
Is 151A gaining momentum?In a petition filed in mid-April, MetLife Inc., the North American Securities Administrators Association and AARP argued index annuities should be regulated as securities rather than insurance products, DowJones reports.
April 30, 2009
An ace (of spades) in the holeThe U.S. Senate Special Committee on Aging held a hearing yesterday, "Betting on Death in the Life Settlement Market - What's at Stake for Seniors," to determine whether or not life settlements are an appropriate investment for seniors.
April 30, 2009
How low can they go?A state of Washington advisor is going to prison for six years for embezzling $300,000 from disabled clients'retirement funds.
April 30, 2009
The shores of sunny IowaStill think self-funding is a smart strategy (see Boomer Behavior above)? Sure, if your boomer clients plan to retire to the sunny locales of Iowa...
April 30, 2009
FRC study: Mutual fund inflows will bounce backFor the next several years, mutual funds will garner annual net flows between about $130 billion and $180 billion, the low-to-mid range of where they...
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