By Jonathan Forman
Moshe Milevsky's latest book, King William's Tontine, is reviewed here by University of Oklahoma law professor Jonathan B. Forman, himself a tontine expert. Milevsky and Forman think that tontines, an archaic, now-illegal type of annuity, are ripe for a comeback.
By Jenna Gottlieb
Lowell Aronoff is CEO of CANNEX Financial Exchanges, which provides up-to-date annuity pricing data for life insurance companies and distributors.
By Editorial Staff
LPL, which had revenues of $1.1 billion in the first quarter of 2015, was charged with “broad supervisory failures in a number of key areas.” The broker-dealer consented to the entry of FINRA’s findings without admitting or denying the charges.
By Kerry Pechter
In the much-anticipated revision of its 2010 proposal to curb conflicted sales to retirement account owners, the Department of Labor asserts that rollover IRAs are within its jurisdiction. It also calls on IRA advisers to sign a legally-binding “best interest contract” if they want to receive commissions.
By Editorial Staff
The company, as part of its “Gr-eight” growth initiative, pressured its employees to sell each customer eight 'solutions,' ranging from credit card services to savings accounts to insurance products, the complaint said.
By Editorial Staff
"More plan sponsors are promoting and facilitating roll-ins of accounts as a cost-effective way to improve plan performance metrics, as well as retirement outcomes for participants,” said Spencer Williams, the firm’s president and CEO.
