There's a risk advisers could see quality of care suffer for their clients in these sorts of deals.
This is the first known arbitration filed against the insurer for its decision on variable annuity commissions.
Medicare doesn't cover medical costs outside the U.S.
Jurisdiction is shared between the SEC, Finra and state insurance commissioners. Will any of them step in?
A look back at 20 events that rocked financial advisers and their clients, and helped shape our profession.
USAA will continue to operate as an insurance brokerage and banking business<a href="https://www.investmentnews.com/article/20170930/FREE/170939998/armed-forces-personnel-need-the-help-of-financial-advisers" style="color:#b10816" target="_blank">​ </a>serving military families.
The lawsuit comes days after an LPL broker filed a similar legal complaint.
While the new majority is unlikely to block the SEC advice rule, retirement income advocates forecast momentum for annuities legislation.
Lance Browning is trying to stop the insurer from terminating annuity trail commissions on behalf of thousands of other brokers.
Agency wants to improve investor knowledge, but consumer advocate says seven-page example included in proposal has similar weaknesses to Form CRS
The insurer joins other large players that have recently left the business, which is less profitable than it used to be.
Some experts believe the offer is related to the company's recent decision to discontinue trail commissions on some VAs.
But consumer advocate says proposal doesn't elevate standard beyond current suitability.
The controversial elimination of trail compensation on certain VA contracts won't apply to this firm's brokers.
Advisers are concerned that Ohio National's "scorched-earth policy" may lead other insurers to take a similar action.
To mature into a strong safety net, plans need to be able to deliver guaranteed lifetime income.
Broker-dealers are questioning Ohio National Financial Services' decision to terminate service agreements, and rest assured they will demand more commission protections in future contracts.
Slight increase in Part B premium to $135.50 per month is in line with expectations.
Finra charged Stanley Niekras in 2016 with violating industry catch all Rule 2010, but couldn't produce testimony from key witnesses.
If other insurers also start to terminate VA trail commissions, brokers might opt to take upfront sales commissions instead and start churning their clients' annuities.
