Legal Defenses

Will the financial services industry sue the Department of Labor if it doesn't like the final wording of the fiduciary rule? And if it does, what happens next? Four attorneys--Bruce Ashton, Mercer Bullard, Tom Clark, and Steve Saxon, share their views.

Tontine Savings Accounts

'While mimicking the high payouts of an actuarially fair variable life annuity, TSAs would cost significantly less than commercial life annuities,' write Forman and Fullmer.

Better than Throwing Darts

'We have all these insurance agents selling billions of dollars of fixed indexed annuities. But they have few clues about how the crediting rates have performed,'' says Kent Jacquay. With his Indexalyzer software, he proposes a solution.

A New Kind of Income Annuity

Achaean Financial and Ash Brokerage, a large Fort Wayne, Ind., BGA, are partnering on a potential retirement game-changer: Achaean's immediate indexed income annuity, couched in Ash's JourneyGuide planning software. The underwriter has yet to be named.
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DFA and S&P Collaborate on STRIDE Index

STRIDE stands for Shift To Retirement Income and DEcumulation. 'We see the index as an appropriate benchmark for the transition from wealth accumulation to income,' said Philip Murphy, vice president at S&P Dow Jones Indices.

Comment: Oracle and Others Sued by Schlichter

'There has been an uptick in the number of ERISA fiduciary breach lawsuits filed in the last few months,' writes Clark at the FRAplantools blog. He comments on four cases filed by plaintiffs attorney Jerry Schlichter, including one against Oracle Corp.
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Legal Defenses

Will the financial services industry sue the Department of Labor if it doesn't like the final wording of the fiduciary rule? And if it does, what happens next? Four attorneys--Bruce Ashton, Mercer Bullard, Tom Clark, and Steve Saxon, share their views.

Honorable Mention

Brief or late-breaking items from Starburst/Wealthbox, LIMRA, T. Rowe Price, and Sumitomo Life/Symetra.