Product & Annuity News
The Life and Annuity Shop Office will close at 1:00pm EST this Friday, August 31st and remain closed on Monday, September 3rd in observance of Labor Day. We will return to normal business hours on Tuesday, September 4th. Have a wonderful holiday weekend!
The 5th Circuit Court of Appeals issued a mandate Thursday making its March 15 decision to strike down the regulation effective By Mark Schoeff – InvestmentNews – June 21, 2018 After a long delay, the U.S. Fifth Circuit Court of Appeals confirmed Thursday a March decision to strike down the Labor […]
Consumers Comfortable, Yet Terrified Of Risk Could an annuity help soothe those anxious consumers? By Cyril Tuohy – InsuranceNewsNet – June 12, 2018 Americans seem more comfortable with market volatility, but recoil at the thought of a downturn that could devastate their retirement savings, a new survey has found. Can these contradictory strands really exist […]
SEC fiduciary rule … is not a fiduciary rule By Kenneth Corbin – FinancialPlanning – April 20, 2018 For years, the common shorthand in describing any SEC move to set new regulations for brokers was a “uniform fiduciary standard” that would “harmonize” the rules for broker-dealers and investment advisors. Nearly a decade after the debate […]
What’s Next for the DOL Fiduciary Rule? March 16, 2018 by John Hilton The Department of Labor fiduciary rule does not exist anymore after a late-Thursday court ruling. That court decision opens the door for the Securities and Exchange Commission and state insurance departments to take over rulemaking. The Fifth Circuit Court of Appeals’ 2-1 […]
Gibson Dunn: No ‘Circuit Split’ on DOL Rule; Decision Applies Nationwide March 20, 2018 by Nick Thornton Gibson Dunn, the law firm that successfully argued to vacate the Labor Department’s fiduciary rule before the U.S. Court of Appeals for the 5th Circuit, says the 2-to-1 decision in favor of industry opponents of the rule applies “nationwide.” […]
DOL Fiduciary Rule Struck Down by Appeals Court March 16, 2018 by Melanie Waddell The U.S. Court of Appeals for the 5th Circuit voted 2-1 Thursday to vacate the Labor Department’s fiduciary rule. The nine plaintiffs in the 5th Circuit case included the U.S. Chamber of Commerce, the Securities Industry and Financial Markets Association and […]