Frank Abagnale says more education — not regulation — is needed to protect elderly; '4,000 times easier'
America's oldest citizens don't have an effective way to choose a financial adviser they can trust, and are confused by the alphabet soup of certifications that claim to be focused on seniors.
Seen as bigger problem than in the past; 'much worse'
Restructuring puts two MetLife B-Ds under one roof, ups pressure to sell proprietary products.
In regulatory cross hairs, broker-dealers are putting limits on products and revising policies.
A number of firms would likely be interested in buying Genworth's wealth management business — if it's on the block, that is.
MassMutual getting $54B in AUM in proposed deal, doubling plan participants
The Hartford is reining in investment options for some variable annuities, leaving advisers scrambling to find their clients who have them. That's raising worries about the amount of work — and potential liability — they may face.
Early reports suggest that The Hartford's buyback terms for some of its legacy VAs are extremely generous. How generous? Some clients can cash out early at full value.
But CEO says regulators need to understand the business better.
The Financial Stability Oversight Council has classified both AIG and Prudential as 'too-big-too-fail.' That's too bad for customers. Here's why.
Not a ton of excitement but advisers intrigued by newfangled approach.
Choosing a lump sum instead of annuity a smart decision, says estate expert; setting up trust protects heirs.
If designation holds, firms will be subject to Fed oversight, stricter control
New offering opens up access to insurance brokerages offering annuities, disability, long-term care.
