Life Insurance
Life insurance news and analysis, with coverage of life insurance market trends, and of life insurance regulatory, compliance and legislative issues .
To Thwart SRO, Rep. Waters Introduces User Fee Bill
By Melanie WaddellAs she said she would, Rep. Maxine Waters, D-Calif., introduced on Wednesday the Investment Adviser Examination Improvement Act of 2012, which would allow the Securities and Exchange Commission (SEC) to collect user fees from advisors to fund their exams in lieu of a self-regulatory organization (SRO).
July 30, 2012
Aviva approached for sale of U.S. life unit (Reuters)Approaches have come from financial and private equity buyers for the U.S. unit that has an estimated value of $1.57 billion.
July 30, 2012
Are Americans “winging” their retirement plans? (Fox Business)The average contribution level for workers has increased one percentage point to 7% since 2011, but looking at the bigger picture, Americans are not setting enough aside, waiting too long to begin saving and their targets are too low.
July 30, 2012
A portrait of a country awash in “red ink” (NPR)Does the U.S. need more tax revenue to pay down its debt? Whom should that tax money come from? How much should the tax code be relied on to close the gap between the rich and the poor?
July 30, 2012
Used Lamborghinis linger on H.K. lots amid lull (Bloomberg)The economy cant be completely to blame. More than 270 new luxury vehicles were sold in the first half of 2012, which outpaced the 23% gain in the U.S.the worlds richest nation.
July 30, 2012
Robert Miller: Educating the SECRobert Miller has spent his one-year term as NAIFA president informing the SEC about the potential unintended consequences of a universal fiduciary standard. Will these efforts be enough to preserve commission-based compensation?
July 30, 2012
The impact of a universal fiduciary standardAs it becomes more likely the SEC will impose a universal standard, independent producers have reason for concern.
July 30, 2012
The impact of a universal fiduciary standardAs it becomes more likely the SEC will impose a universal standard, independent producers have reason for concern.