The chairman of the House Ways and Means Committee is upping the ante on his prior effort to pass a package of tax and retirement measures.
Jackson National and Lincoln Financial, among the largest VA providers, recently announced distribution partnerships set to kick in next year.
The active fund manager is one of several investment firms to settle self-dealing lawsuits in the last few years.
Six Cetera broker-dealers allege the insurer will be breaching its contractual obligations by withholding millions of dollars in trail commissions from their brokers.
The personnel changes come weeks after the insurer's controversial decision to stop paying trail commissions on some annuities.
Stakeholders warned of a 'crisis' and 'decimation of our financial system' at a public meeting held by the New Jersey Bureau of Securities.
The move follows Fidelity's debut of zero-fee index funds and the 40% drop in overall fund fees over the past two decades.
There's a risk advisers could see quality of care suffer for their clients in these sorts of deals.
The acquisition would be the biggest yet for Hub, a new aggregator in the retirement-plan advice market.
This is the first known arbitration filed against the insurer for its decision on variable annuity commissions.
