Secure Act 2.0 Included in $1.7T Spending Bill
By Melanie WaddellThe 4,000-plus page legislation, released early Tuesday, also contains the Registration for Indexed-Linked Annuities (or RILA) Act.
December 19, 2022
New Bill Would Rein In SEC RulemakingRep. Wagner, R-Mo., says that the bill makes sure "the SEC doesn't arbitrarily implement unnecessary and complex rules."
December 19, 2022
Dynasty Scraps IPO as Schwab, Private Equity Firm Take StakesSchwab and Boston-based private equity firm Abry Partners are taking unspecified minority stakes.
December 19, 2022
RGA Completes $1.7B Annuity Longevity Swap With Western & SouthernAn RGA exec says the company sees increasing U.S. demand for longevity risk management arrangements.
December 19, 2022
RIA Fears DOL Independent Contractor Proposal Will Hurt BusinessOther financial services commenters disagreed about how easily financial professionals could qualify as being self-employed.
December 19, 2022
This Fund Giant Is Bleeding AssetsMore than $4 billion left the firm's passive funds in November, and active-fund outflows were even worse.
December 19, 2022
Vanguard Drops Advisor of Mid-Cap Growth FundRS Investments has managed about 20% of the $3.1 billion fund.
December 19, 2022
New Stock Market Low Coming in 2023: Morgan Stanley Strategist"Don't assume the market is pricing this kind of outcome until it actually happens," says Michael Wilson.