The newly developed video game seizes on the concept of gamification to improve participant behavior regarding retirement savings.
Low interest rates and demographic trends continue to bolster indexed annuity sales. These dynamics also pushed deferred income annuities to their best all-time sales quarter.
Some insurers are turning away from L-share variable annuities as appetite wanes among broker-dealers.
Such a strategy is meant to reduce the appearance of a conflict of interest when using commission products in retirement accounts.
Such a strategy would aim at levelizing compensation, thereby dodging additional compliance requirements and litigation risk.
The collaboration focuses on the compliance confusion among advisers and broker-dealers caused by the DOL's fiduciary rule.
The adviser allegedly hid improper annuity exchanges from his clients and broker-dealers in part by falsifying documents and misrepresenting some of the annuity features.
Life insurance and annuity carriers are focused on growing distribution through brokers. Direct-to-consumer sales, though, reign king.
Market Synergy's lawsuit, one of several targeting the Labor Department regulation, is set for Aug. 24 in a Kansas district court.
Clients also have heightened concerns about securing the personal data of their employees.
