Anecdotal Evidence
Two dozen major life insurers and asset managers have formed a non-profit to educate the public about the benefits of lifetime income products. That's never been done before, they...
SEC Had to Fudge the Definition of ‘Best Interest’
Unlike the DOL, the SEC doesn't need to score to win this game. It can afford to punt.
How Not to Sell an Indexed Annuity
Five financial professionals commented on our April 5 story about my neighbor's encounter with an advisor who recommended an indexed annuity for lifetime income. She should 'run like hell,'...
Little Love for SEC ‘Best Interest’ Proposal
Having kicked the fiduciary can for two decades, the SEC has finally done something. But it didn't seem to do much--or, more importantly, enough--to define the phrase "best interest."
Hold the Parade
Annuity industry advocates say that this week's Fifth District Court of Appeals ruling has nullified the DOL fiduciary rule. Others disagree. I question Judge Jones' understanding of how the...