The Trump administration's plan to roll back financial regulations could include the Harkin Amendment, which exempts annuities from securities laws and instead lets them be regulated as insurance products, experts say. In such a scenario, many indexed-annuity distributors "would stop selling them or would need to obtain [a securities license]…
A healthy 55-year-old Tennessee man is poised to pay 20% less this year for a top-tier stand-alone policy covering long-term care, according to the American Association for Long-Term Care Insurance. Men's premiums for mid-level coverage are up 3%, while women's premiums for mid- and top-level coverage are each up less…
The Federal Reserve unanimously decided to put rate hikes on the back burner while it monitors how Trump administration policies affect economic growth. The central bank stood by its optimistic view of where the US economy is headed. The Wall Street Journal (tiered subscription model) (2/1), The New York Times…
Despite speculation that the US Department of Justice might drop its defense of the Labor Department's fiduciary rule once President Donald Trump took office, court records show it is still defending the rule's legality. The DOJ has filed a brief in federal court opposing arguments by lawyers challenging the rule….
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