BD, Insurer Groups Blast Fiduciary Plan at DOL Hearing
By Melanie WaddellLabor's rule "is overly broad, unnecessary, and inconsistent with existing federal regulations," says a SIFMA lawyer.
December 11, 2023
Dave Ramsey's 8% Withdrawal Advice Could Lead to Ruin: Peter MalloukTaking 8% a year from an all-stock portfolio would have drained holdings for many retirees, Mallouk noted.
December 11, 2023
FINRA Releases Reg BI NoticeThe notice points broker-dealers to various SEC resources to help them comply with the best-interest rules.
December 11, 2023
Older Consumers Flock to Cash-Value Life PoliciesMIB sees a spike in application activity for shoppers ages 71 and older.
December 11, 2023
Global Atlantic, John Hancock Strike Biggest LTCI Reinsurance Deal EverThe deal could be a sign that private long-term care insurance is making a real comeback.
December 11, 2023
Indexed Life Sales Creep Higher: WinkAbout 80% of the buyers are using the policies mainly to accumulate cash, according to third-quarter data.
December 11, 2023
DOL Fiduciary Rule Hearing Starts TuesdayMore than 40 groups have requested to testify during the two-day online hearing.
December 11, 2023
S&P 500 to Hit 5,200 Next Year: StrategistThe target of Oppenheimer's John Stoltzfus implies nearly 13% gains from Friday's close.