He Could Be Reached At Arthur - AdBlocker Detected

He Could Be Reached At Arthur - AdBlocker Detected

InsuranceNewsNet Washington Bureau Chief Arthur Postal has covered regulatory and legislative difficulties for over 30 years. He is reached at arthur. Judge says AIG has a basis for its claim that Coventry orchestrated a scheme in a living settlement deal.

Bipartisan legislation aimed at prodding the Securities and Exchange Commission to coming down harder on firms and people who violate… The state securities chief says agent Barry Armstrong used a radio show to dupe seniors. Armstrong says he is authentically concerned about Alzheimer's awareness. Months right after the DOL released its proposed rule, the DOL says it's unsure of its impact on insurance. They vow to figure out. Newest York Life has completed a majority acquisition interest in 25 bucks billion of 'in force' life insurance policies from John Hancock.

Appropriations bills that call for stopping the Obama administration from creating a modern fiduciary standard are moving forward in the… Labor Secretary Thomas Perez said comments are prompting the department to reckon changing some aspects of the rule's best interest contract exemptions.

As reported by a survey by Insurance civil Association and pecuniary Advisors, advisors fear they will lose clients when the Department of Labor's proposed fiduciary rule goes to effect. Loads of information can be found online. The SEC is starting a multiyear examination initiative on how 'brokerdealers' and advisors ensure the clients are prepared for retirement….

The modern rule will cap the rates used for indexed universal life insurance illustrations at below 7 percent.

Legislation that calls for defunding the effort to establish a modern fiduciary standard will be considered by the accommodation Appropriations Committee. Now look. The SEC is letting the Labor Department make the lead in expanding the fiduciary standard.

Vanguard indicates that the average American is setting aside 7 their income percent in retirement savings accounts. Awarded no damages, aIG much more harshly than various different institutions in need of pecuniary assistance.

As reported by the survey, the NAIC committee crafting an unclaimed property rule is looking at whether businesses perhaps should be sanctioned for past unclaimed property oversights… fiscal advisors are considering fixed annuities at a lower rate now than they did in 2006.

For example, insurance public Association Commissioners plans in July to go for forwarding data on insurance agents who been reprimanded… The rule should go to effect Sept.

You see, all elementary theme alternatives is imposing an uniform best interest standard on all fiscal reference offered to consumers. The accommodation Republican leadership fiscal outsourcing Committee is asking the fiscal Stability Oversight Council for detailed data on the analyse used to designate non banks as systemically significant pecuniary institutions.

Oftentimes andrew appointment Buddy Donohue as staff chief was made as Securities and Exchange Commission chair Mary Jo whitish gears up to tackle the creation of an uniform fiduciary standard for the sale of pecuniary products. Did you hear about something like this before? a Arkansas congressman's proposal to shift oversight of investment advisors to the pecuniary market Regulatory Authority from the Securities and Exchange Commission ran to opposition immediately from a trade organization representing advisors. Robert Ketchum said he fears the proposal could outcome in some businesses closing their individual retirement account entrepreneurship. The fiscal market sector Regulatory Authority wants clients to be notified when a broker/dealer attempted to lure them to the firm while hiring the current trader away from another firm.

As reported by pecuniary solutions officials, the Department of Labor's proposed fiduciary standard adds another regulatory layer while increasing costs and failing in its stated mission of unifying a standard of care. The public economical Council director said We've seen this movie before, in calling for greater supervision of fiscal institutions by ministerial regulators.

On top of this, legislation that should allow broker/dealers to provide research on 'exchange traded' credits to the clients has cleared the apartments fiscal maintenance Committee by an overwhelming vote. Developing an uniform setup for states to deal with the difficulty within a year is deemed essential by the modern committee, the Unclaimed aids Model Drafting Subgroup.

The pecuniary Stability Oversight Council, in its annual report, appeared to voice particular concern with fixed index annuities.

The Supreme Court ruled that a retirement plan's administrator must continually monitor credits once they are in a 401 plan.

The Supreme Court ruled that a retirement plan's administrator must continually monitor credits once they are in a 401 plan.

Life American Council Insurers weighed in on the proposed rules for illustrating index universal life insurance… Walter Bettinger II said it is better for the market sector to have one rules set, in spite of who leads or who goes 1st.

Life American Council Insurers weighed in on the proposed rules for illustrating index universal life insurance… Walter Bettinger II said it is better for the market to have one rules set, despite who leads or who goes 1st.

Life American Council Insurers weighed in on the proposed rules for illustrating index universal life insurance… Walter Bettinger II said it will be better for the market sector to have one rules set, in spite of who leads or who goes 1st.

Life American Council Insurers weighed in on the proposed rules for illustrating index universal life insurance… Walter Bettinger II said it will be better for the market to have one rules set, not even considering who leads or who goes 1st.

Life American Council Insurers weighed in on the proposed rules for illustrating index universal life insurance… Walter Bettinger II said it should be better for the market to have one rules set, despite who leads or who goes 1-st.

As indicated by Deloitte, underserved Americans involve a considerable segment with substantial assets to invest.

As pointed out by Deloitte, underserved Americans comprise a considerable segment with substantial assets to invest.

As reported by Deloitte, underserved Americans involve a notable segment with substantial assets to invest.

As reported by Deloitte, underserved Americans involve a substantially segment with substantial assets to invest. WASHINGTON -Allstate has completed Lincoln divestiture help Life, which included Allstate's all the deferred fixed annuity and long term… We've detected you are using an adblocker. With that said, in the event you might want to relish your content please disable your adblocker and click the button below. Sign in with your INNsider Account.