Dennis Lockhart and Eric Rosengren, presidents of the Federal Reserve Banks of Atlanta and Boston, respectively, offered their views on the central bank's expected interest-rate increases. Both said the Fed can gradually raise rates as the labor market improves and inflation increases, but they differed on how many adjustments will…
The House is expected to vote this week on a bill by Rep. Ann Wagner, R-Mo., that would expand requirements for the cost-benefit analysis that the Securities and Exchange Commission must conduct before enacting a rule. This is one of several measures moving through the House that would transfer power…
Individual disability insurance sales posted new annualized premium (NAP) numbers not seen since the 1990s. The 2015 total NAP exceeded $392 million and the year-over-year growth rate of 5.8 percent is more than twice as much as a typical annual growth rate of 2 to 3 percent. The number of…
The Labor Department has issued a letter clarifying the fact that annuities can be used in target date funds that are designated by 401(k) retirement plans as qualified default investment options. Employers who take that approach should help plan participants understand the liquidity limitations that come with using annuities, the…
The Securities and Exchange Commission has released guidance on how firms can comply with the agency's legal requirements when changing fee structures to comply with the US Labor Department's fiduciary rule. The SEC's statement focuses largely on disclosure to prospective buyers of investment products. PlanAdviser.com (12/30)
Experts say financial planners and investors will be focused on interest-rate increases that will make fixed-income investments more attractive, as well as proposed changes to estate and income taxes. InsuranceNewsNet online (12/29)
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