Displaying 40 results
Annuity sales in 2021 hit highest level since 2008
One of the best-performing products last year was registered index linked annuities, which are touted for use in volatile markets.
Retirement savings legislation continues to percolate on Capitol Hill
Among the provisions of a draft bill are one that would improve fee disclosures in defined-contribution plans and another that would allow annuities as qualified investment default alternatives in plans.
Bipartisan aura around retirement savings diminishes in reconciliation
Republicans are upset about auto-IRA and other proposals in the $3.5 trillion budget reconciliation package. Will their ire carry over to SECURE 2.0?
House Ways and Means Committee to vote on auto-IRA legislation
Under the legislation, which could become part of the $3.5 trillion budget bill working its way through Congress, employers that don't offer a retirement plan would have to establish an auto-IRA or 401(k) for their workers.
Why adviser groups won’t completely shun lawmakers who voted to overturn the 2020 election
The Investment Adviser Association isn't giving to the 147 legislators who voted to decertify presidential results. The Investment Company Institute has suspended donations for now. Other groups left the door open.
House bill would simplify approval of registered index-linked annuities
A new SEC registration form tailored to the products would support innovation, the Insured Retirement Institute argues.
DOL nominee Walsh raises concerns about Trump rule curbing ESG retirement investing
Walsh says he will tell EBSA to reexamine the regulation, which an expert says has led to ESG products being taken off of retirement plan platforms.
Obama-era fiduciary rule cut sales of expensive annuities: Study
Even though a federal appeals court vacated the measure in 2018, its impact lives on
DOL rule requires lifetime income estimates on retirement plan statements
The regulation would implement a SECURE Act provision intended to help savers assess their nest eggs
Trade association pushes retirement savings provisions for next COVID relief bill
The Insured Retirement Institute calls for raising RMD age, allowing catch-up retirement contributions
Why living-room lobbying may be here to stay
The pandemic has pushed trade associations to virtual meetings to make their case with lawmakers
IRI wants retirement plans at forefront of COVID-19 legislation
But an investor advocate sees the proposal as a ‘brazen effort’ to use the pandemic to promote the annuity sector
Senate coronavirus stimulus bill waives RMDs this year
The final measure also makes it easier to withdraw funds from retirement accounts in an emergency
Senate coronavirus package would allow hardship early access to retirement accounts
Financial industry also pushes for temporary waiver on required minimum distributions
Investor advocate says variable annuity summary prospectus lacked sufficient testing
The SEC says in the final rule that it solicited feedback on hypothetical forms
SEC adopts rule to streamline variable annuity, variable life prospectuses
Summary prospectuses will be considerably shorter than the documents customers currently receive
Bear market would bode well for fixed annuities: reports
Low interest rates are hampering sales, but the SECURE Act and the threat of a market correction could change that
Trade associations plan to step up political spending in campaign year
The Financial Services Institute and an insurance group are among those varying from their pace in previous cycles
Advisers want age to continue to climb for mandatory retirement savings withdrawals
The SECURE Act raised the age to 72 from 70 1/2; another bill would boost it to 75
Small brokers push bill to ease audit rules despite challenging political environment
Legislation impacting financial advisers tries to get traction amid impeachment, election
