Independent Advisors Industry

News

More Time Needed to Comment on Index Annuity Rule—Old Mutual

An attorney for Old Mutual Financial Network has asked the SEC to extend by 120 days the comment period on SEC proposed Rule 151A, which would classify index annuities as securities.

Advisers Willing to Buy Income Solutions--Curian Survey

Only 10% of advisers said believe that 80% or more of their clients will have enough money to meet their expected living standards after they retire.

RISE Launches Income Planning Tool for Middle Class

Mature Simplicity delivers “interactive, actionable, product-neutral advice and solutions which clients can trust,' according to a RISE release.

Madison Avenue Securities to Use FundQuest Platform

“The platform enables us to expand the breadth, depth, and sophistication of our advisory tools and investment offerings,' said Suzanne Bond, MAS vice president and chief compliance officer.

SEC Poised to Regulate Index Annuities

Interested parties have until Sept. 10 to respond. The proposed change would take effect 12 months after publication in the Federal Register.

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Articles

The Arms Race for Distribution

Faced with the toughest equity market in five years, the top-selling variable annuity issuers have stepped up their wholesaling game, adding road warriors and equipping them with value-added products and services.

Think Big, Start Small, Scale Fast'

Several big financial services companies have created in-house retirement task forces, but few have made a more aggressive or concerted effort in that direction than Lincoln Financial Group.

Safety, Liquidity and Upside Potential

A 156-year-old private club located near the corner of Fifth Avenue and 60th Street in Manhattan that last May was the site of a one-day symposium on structured products hosted by Financial Research Corp.

A Lesson in 'RIPS'

Lots of progress has clearly been made toward the development of effective payout planning software. But evidently there's still a long way to go.

Hybrid Income Products Breed Concern Among State Regulators

Applications for a flurry of new investment products, in which guaranteed lifetime withdrawal benefits (GLWBs) are attached to managed accounts, lie pending before the Securities and Exchange Commission. But state insurance and securities regulators in some states, including New York, Florida and Alabama, have concerns about the products, which straddle the line between investments and insurance.

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