Agents/advisors should be aware by now that the Department of Labor fiduciary rule took effect June 9, our Kim O’Brien writes. What does it mean for sales of financial products going forward?
Understanding “reasonable compensation” is an important key to abiding by the Department of Labor fiduciary rule. Our Kim O’Brien gets in the weeds on this important issue for agents/advisors.
The ‘duty of care’ is just one of the fiduciary duties required by the DOL Rule, which takes effect Friday. Our Kim O’Brien explains how the duty of care impacts the financial advice advisors give.
Thousands of financial and insurance services businesses may decide against advising consumers about the safety and protection of qualified annuities if the DOL rule is implemented as it is written. Our Kim O’Brien talks about the biggest problems.
The DOL finally released its proposed exemption permitting IMOs to become financial institutions and sell annuities under the fiduciary rule. Good news or bad news? Our Kim O’Brien breaks it down.
Last week the Department of Labor released a series of FAQs and their responses. Our Kim O’Brien breaks down four key points found among the 34 answers DOL provided.
Trying to determine what the Department of Labor means by ‘best interest’ could be a treacherous exercise for insurers, says our Kim O’Brien.
Advisors will have to consider what licenses they hold and what licenses they may want to get under the DOL fiduciary rule.
The Best Interest Contract Exemption is one of the most flawed parts of the Department of Labor fiduciary rule. Our Kim O’Brien explains why.
Our Kim O’Brien reviews the facts and figures to show where the Department of Labor went wrong with its fiduciary rule. Do you agree with her diagnosis?
A hearing on the first of three lawsuits designed to stop the Department of Labor fiduciary rule from taking effect begins Thursday.
Americans are facing a retirement longevity crisis, writes our Kim O’Brien. Only one financial product can truly address the threat of outliving your money: an annuity.
Less than one-quarter of employers (23 percent) have adopted one or more proven lifetime income solutions. Kim O’Brien says annuities can help solve a lot of employee retirement concerns if employers get on board.
The great thing about the annuity marketplace is the wide selection of products that can meet the individual and unique needs of every investor. Shouldn’t that be emphasized?
Rolling over to an annuity IRA is safe, responsible and provides an insurance guarantee against outliving your money, says our Kim O’Brien.
When the Department of Labor issued “corrections” to its controversial fiduciary rule, our Kim O’Brien was hopeful. But she says the results did not live up to her expectations.
Studies show many reasons why investors earn less than they should or could. In its analysis, the DOL unfairly seeks to blame investor losses on advisors.
Five lawsuits filed against the Department of Labor’s fiduciary rule bring hope that rule will be voided.
The regulatory impact analysis the Department of Labor used to produce its fiduciary rule is flawed and wrong, industry veteran Kim O’Brien says. So are many other aspects of the rule.