As the next Ways & Means chairman, the liberal Massachusetts congressman won't just be the gatekeeper of retirement legislation. He’s also the only legislator who can ask for President Trump’s tax returns. Bills that could release a wave of 401(k) innovation are pending, so the stakes for the retirement industry are high.
Unlike, retirement, “independence” has no demeaning or dismissive connotations. Every American yearns for independence. It’s the ideal on which our country was built. When’s your Independence Day?
'Among advisors who switched to the hybrid model in the past one to five years, only 23% would choose to drop their broker/dealer affiliation and move fully to the independent RIA channel,' said a Cerulli Associates research analyst.
The DB schemes of the UK’s 350 biggest listed companies showed a combined estimated deficit of £36bn (€41bn) on October 31, down from a £3bn aggregate surplus on September 30, according to Mercer Consulting.
Our guest columnist, who has spent decades in the annuity industry as an executive, entrepreneur and advisor, suggests a new win-win tax break for annuitized income.
Citibank improperly pre-released ADRs to brokers in thousands of transactions, the SEC found, when neither the broker nor its customers had enough foreign shares. This led to inappropriate short selling and dividend arbitrage.
RetireOne platform to offer Great American Index Protector 7 FIA; OneAmerica crosses $2bn mark in retirement plan sales; 401(k) balances reach new high-water marks: Fidelity; Empower offers new platform for IRA clients; Affordable Care Act co-ops lead insurance impairments: A.M. Best.