Trump memo fails to order specific delay the Department of Labor fiduciary rule. Language ordering a six-month delay removed from final version of memo signed Friday.
While the Department of Labor fiduciary rule may be delayed, the risk of failure to comply are too great for firms to ignore the rule, two analysts say. At any rate, a future fiduciary standard is likely in some form.
In a new court filing, plaintiffs argue that the Department of Labor exemption to allow IMOs to participate in selling FIAs under the fiduciary rule is flawed. The exemption proves the worst predictions on the rule impact are coming true, attorneys claim.
Rep. Joe Wilson, R-S.C., has introduced a bill to delay the Department of Labor fiduciary rule by two years. The delay will enable Republicans to complete the lengthy process of officially undoing the regulation.
Another court decision goes against the National Association for Fixed Annuities in its legal fight to stop the Department of Labor fiduciary rule. This time, the U.S. Court of Appeals for the District of Columbia Circuit rejected NAFA’s appeal for a preliminary injunction.
As expected, the Fed raised interest rates today. Fed Chairwoman Janet Yellen spoke about unemployment, stimulus, tax cuts and the new administration in remarks following the announcement.
U.S. Chamber of Commerce CEO Thomas J. Donohue urges President-elect Donald Trump to make repeal of the Department of Labor fiduciary rule a top priority.
New Wink survey finds that indexed universal life sales are down year over year, but up from last quarter. That IUL is holding its own is good news in the face of increased regulation, Wink concluded.
The National Association for Fixed Annuities will appeal a court decision rejecting its bid for a preliminary injunction to stop the Department of Labor fiduciary rule.
New Treasury Department rules are expected to encourage defined benefit plans to offer hybrid distribution options that include an annuity.
The Department of Labor releases a guidance with answers to 34 questions received from financial services providers and others since its controversial fiduciary rule was published in April.
Insurance marketing organizations are sweating out applications to the Department of Labor that will allow them to continue selling financial products under new fiduciary rules.
Is it possible that some advisors will continue receiving trips and other incentive-based compensation under the Department of Labor fiduciary rule? The answer is yes, one analyst says.
The new Department of Labor fiduciary rule draws new lines on what is information for investors and what is advice. Agents need to take care to stay on the right side of the line when engaging in traditional selling practices.
The first rulings are expected soon from a batch of lawsuits against the Department of Labor fiduciary rule. The resulting appeals are expected to push those cases well into 2017.
Market Synergy Group and the Department of Labor both filed briefs this week on the former’s request for a preliminary injunction to halt the DOL fiduciary rule.
A Kansas judge could strike down the inclusion of fixed indexed annuities in the tougher BIC exemption, while leaving the rest of the Department of Labor fiduciary rule intact, a lawyer says.
Kansas judge skeptical of Department of Labor claims in lawsuit over fiduciary rule. Plaintiffs may be able to prove ‘irreparable harm’ by focusing on treatment of fixed indexed annuities, one analyst says.
According to a source at today’s hearing, Market Synergy’s case to overturn the Department of Labor fiduciary rule went well. The plaintiffs seek a preliminary injunction.
The Department of Labor is back in court Wednesday, this time in Topeka, Kan. for the second of three lawsuits aimed at stopping its fiduciary rule. One prominent attorney says opponents have a tough job winning an injunction.
Many broker-dealers still think they can pay variable compensation to their advisors through an exemption in the Department of Labor fiduciary rule, analysts say. It’s not quite that simple.
Many agents and advisors are well behind the curve when it comes to social media. But smaller agencies are having success marketing personality through social media tools.
Market Synergy Group’s lawsuit to overturn the Department of Labor fiduciary rule was to be heard Aug. 24, the earliest of the three lawsuits challenging the DOL.
The National Association for Fixed Annuities filed a second lawsuit Thursday to stop the Department of Labor’s fiduciary rule. The trade association argues the rule is ‘arbitrary and capricious.’
Plaintiffs explain the decisions behind filing a U.S. District Court complaint asking a judge to vacate the Department of Labor fiduciary rule.
Nine co-plaintiffs filed a lawsuit in U.S. District Court to stop the Department of Labor fiduciary rule. The lawsuit seeks an injunction, which could delay the rule until the next administration.
Analysts and insurers are slowly getting a better idea of what working life will look like under the Department of Labor fiduciary rule. Here are some changes agents can expect.
Lincoln Financial CEO Dennis Glass comments on MetLife reorganization, adds that Lincoln will do whatever is in the long-term interests of shareholders.