The firm's position as the top TDF provider strengthened against No. 2 Fidelity Investments, which actually had net outflows for this category last year.
If the Labor Department has its way, say goodbye to the variable annuity industry as we know it. </br><b><i>(Related: <a href="http://www.investmentnews.com/section/specialreport/20160221/ANNUITY22016" target="_blank">Spotlight on Annuity Strategies special report</a>)</b></i>
Security Benefit, Allianz and New York Life all debuted new fixed annuity products in March that seek to benefit investors in a rising-rate environment.
The insurer allegedly made false representations to investors over the strength of its long-term-care business.
Overall, workers are much more optimistic about their prospects for a comfortable retirement following lows in the recent financial crisis.
Annuity and life insurance products would likely see better contract guarantees long-term.
Participants shifted their balances to conservative funds amid higher trading activity.
Distribution of more variable annuities in an advisory rather than commission environment could play out as a result of Labor Department regulation.
Advisers like David Adams, who works predominantly with musicians and entertainers, must march to a different drummer to succeed with celebrity clients.</br> <b><i>(More: <a href="//www.investmentnews.com/gallery/20160214/FREE/214009999/PH/9-tips-for-advisers-looking-to-work-with-celebrity-clients"" target=""_" rel="noopener">9 tips for working with celebrity clients</a>)</b></i>
Registered investment advisers are already held to a fiduciary standard by the SEC, but many envision higher costs and time spent on compliance-related tasks.
