That's what variable annuity pioneer Bob Saltzman said at the Insured Retirement Institute's 25th anniversary conference in Florida this week. The fiduciary rule, he added, will lower the cost of annuities and make them more competitive.
During a panel discussion at the IRI conference, former Treasury official Seth Harris, Voya's Sean Cassidy and former Oklahoma congressman J.C. Watts shared strong opinions about tax reform, the DOL fiduciary rule and Donald Trump.
'The framework retains tax benefits that encourage work, higher education and retirement security,' said the report issued by the White House Wednesday. It was entitled, Unified Framework for Fixing Our Broken Tax Code.
'Asset managers must be able to shift and reshape as the industry does. As advisors' needs are changing, so must the product lines,' said Brendan Powers, senior analyst at Cerulli Associates, in a release.
Investors pulled $23.0 billion out of actively-managed U.S. equity funds, compared with $19.6 billion in July, according to Morningstar’s latest monthly asset flow report.
A new report from DST, "Prevailing in a Changing Distribution Landscape," describes how investment product wholesalers can respond to changes in the advisory and brokerage world.
Competition for the best workers and confidence in the economy are causing more business owners to start offering retirement plans or enhance the ones they have, according to a new survey by Nationwide.