By Martin Feldstein
"Unless there are surprising changes in the US economy, we can expect the Fed to start raising interest rates later this year, as Janet Yellen has proposed, and to continue raising them in 2016 and beyond," writes Harvard economist Martin Feldstein. This article first appeared at Project-Syndicate.org.
By Kerry Pechter
The DOL may believe that, by establishing a blanket “Best Interest” principle, it won’t have to pick winners and losers. But it can’t avoid picking winners and losers. A one-size solution never fits all.
By Kerry Pechter
We're talking about the DOL's proposed Best Interest Contract exemption and sales of Qualified Longevity Annuity Contracts. "Most firms will just pass on this uncertainty and risk," said Caleb Callahan, chief operating officer of ValMark Securities.
By Editorial Staff
"The DOL has been receptive to insurers’ concerns and the next proposal could have significant changes,” A.M. Best analysts wrote.
