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Can an adviser affiliated with an insurance company be fee only? Yes.
State rules on insurance affiliation complicate fee-only status for some CFPs.
Florida law allows planners to give insurance advice without insurance company
Helps fee-only planners meet CFP Board definition prohibiting such affiliation with firms that charge commissions
State regulators on high alert for complex investment and insurance sales
Structured products, non-traded REITs and private placements just a few of the products under scrutiny.
Treasury allows longevity annuities in retirement plans
The Treasury Department announces a rule that will allow retirement plan participants access to deferred-income annuities, also known as longevity insurance.
The big benefits decision
Helping clients determine when to begin collecting their hard-earned Social Security benefits is always tricky. Having worked a long career and finally making it to the promised land of retirement age, many people are justifiably eager to take what the government is ready and willing to give them.
The $20 billion MainStay Marketfield fund's chicken or egg problem
Fund performance sagged as assets ballooned and performance sagged – but the manager says his bad bets were the culprit.
AIG promotes Peter Hancock to CEO, replacing Benmosche
After paying off $182.3 billion bailout, insurer focused on property-casualty coverage, life insurance and retirement.
Hartford Financial Services Group names a new CEO
Insurer Promotes CFO to replace previous CEO following a medical procedure related to a brain tumor.
Outlook for life insurance positive, depending on rates
Analysts optimistic as long as insurers watch the credit quality of investments and rates rise gradually.
Japan's Dai-ichi Life to buy Protective Life for $5.7 billion
Protective CEO and management team will remain in place; deal creates 13th-largest global insurer.
Sheryl Garrett scoffs at argument against fiduciary duty
Founder of Garrett Planning Network says investors with low net worth can be served in a market where all advisers must act in their best interests.
MetLife to get back in variable annuity game despite first quarter declines
Even after 54% drop in VA sales over the last year, the carrier is optimistic about sales with new mix of products.
Fixed annuity sales receiving added scrutiny from Finra
With broker-dealers selling a bigger share of indexed annuities, securities regulators are taking a closer look at policies and procedures around clients exchanging or giving up variable annuities in order to put those assets into products such as equity indexed annuities.
Why employee benefit brokers are teaming with 401(k) advisers
With a new health care reform employer mandate on the way, expanding expertise becomes imperative
Employers want fiduciary duty for 401(k) plans, AARP survey finds
Brokers say they already work in clients' best interest, but formalizing it will eliminate their ability to service small accounts.
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