Hispanics as a demographic group have the longest life expectancy at birth, and they are outpacing other young demographic groups in terms of US population growth, according to the National Center for Health Statistics. Those facts could be of interest to financial advisers seeking new clients, Cyril Tuohy writes. Advisor…
A House Financial Services subcommittee is scheduled Thursday to discuss legislation by Rep. Ann Wagner, R-Mo., that would replace the Labor Department's fiduciary rule with a best-interest standard for retail investment advice. The measure would require brokers to offer recommendations that "reflect reasonable diligence, care, skill and prudence" and to…
The Labor Department is asking for comments on delaying the date its new fiduciary rule goes into full effect. In a separate request for information, the agency wants suggestions on how the rule could be improved. InsuranceNewsNet online (7/5), The National Law Review (7/5)
The financial goals of advisers and clients are often similar, writes columnist John Bowen Jr., who outlines seven steps for accumulating exceptional wealth. They include carefully selecting the endeavors most likely to be fruitful and using failures as opportunities to refocus and improve. Financial Planning online
Standard Insurance executive Rich Lane writes that advisers should have a frank conservation with clients about the pros and cons of purchasing an income rider for an annuity. Advisers should consider two aspects of annuities, accumulation and distribution, he writes. ThinkAdvisor (free registration)
More than half of retirement savers are seeking professional advice on portfolio allocations, particularly with regard to target-date funds, and that figure is expected to rise substantially in the next three years, according to a Vanguard survey. A separate survey claims that savers who use a TDF are less likely…
Insurance companies responding to the Labor Department's new fiduciary rule are bringing fee-based fixed-indexed annuities to the retirement market at a brisk pace. Whether they achieve wide acceptance depends upon how distributors handle them, which isn't yet clear, industry experts say. InsuranceNewsNet Magazine
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