A major law firm has pitched the Labor Department a program that would let broker-dealers and other service providers admit to and fix their fee disclosure errors without incurring the wrath of the agency.
Pru to pay $615 million in cash for 700,000 life insurance contracts
Prudential Financial Inc.'s decision to cut off contributions into a slate of older variable annuities with attractive benefits has raised the ire of financial advisers, this time because they were given so little time to add money to the contracts.
Bows out of group LTC insurance; halted sales of individual coverage in March
The outlook for the LTCI business is not good. The reason? Partly, the unexpectedly large tabs being rung up by existing policyholders.
Advisers not thrilled by short deadline on variable annuity pullback
