The House Republican approach kills investment-income levies, but the breadth of coverage could shrink.
The lawsuit is similar to ones filed against other insurance companies in recent years, which challenge the fee levels received by the firm versus a fund's subadvisers.
Beware of a six-month look-back period and tax penalties.
Clients need help with this last, largest, most-neglected asset on their balance sheets like never before
The judge affirmed that inclusion of indexed annuities in the BICE was reasonable.
Working longer can allow continued contributions.
The wirehouse would be jumping on a trend toward advisory business that analysts expect to accelerate because of the Labor Department's fiduciary rule.
Scrapping or revising the law could lead to the disappearance of the Harkin Amendment, which would pave the way to indexed annuities being classified as securities rather than insurance products.
While some call the annuities 'odious' due to complexity, others believe they're more straightforward than other annuity products.
A number of factors — DOL fiduciary, low interest rates and longevity — are coming together in favor of annuities if certain impediments are eliminated.
Insurers are speeding up their closures of L-share products as regulators crack down, but are quickly introducing new fee-based contracts.
In a recent letter, the Labor Department said target date funds using annuities may be a prudent default investment option for employers.
If granted, the change would make it easier for some indexed annuity distributors to sell commission products under the Labor Department regulation.
Many advisers think E&O is enough, but these policies target the wayward web.
Communicating the right way can help solve under-performance problems caused by both performance downgrades and cost increases.
With most versions of the plans aimed at replacing Obamacare including higher deductibles and out-of-pocket expenses, HSAs could represent a tradeoff in terms of costs.
Some indexed annuity distributors are poised to get a shot in the arm from the proposal, which would make it easier for independent agents to sell the annuities under the rule.
The Massachusetts senator and Rep. Elijah Cummings have asked the insurance company's CEO for information on sales of term life insurance through Wells Fargo.
Regulator says new type of VA is highly complex and uses structured products — not mutual funds — in the sub account as the underlying investment.
The emergence of several "exotic" indices within indexed annuity contracts have arguably made these products more complex than they need to be.
