Most Clicked NAIFA SmartBrief Stories


1. Elderly clients offered unsuitable annuities, regulators say

NAIFA SmartBrief | Apr 16, 2015

Examinations have revealed that brokers have recommended to elderly investors the purchase of variable annuities that might have been unsuitable for them, according to the Securities and Exchange Commission and the Financial Industry Regulatory Authority. The regulators highlight concerns about whether proposed exchanges of variable annuities are appropriate when fees triggered are considered. InvestmentNews (free registration) (04/15)


2. FINRA considers revising rules on communication, gifts

NAIFA SmartBrief | Apr 14, 2015

Proposed changes to rules for communicating with the public will be discussed at the Financial Industry Regulatory Authority's board meeting this month. Rules governing use of noncash compensation, gifts and gratuities also will be discussed. ThinkAdvisor (04/13)


3. NAIFA's McNeely: Exemptions under fiduciary rule require careful reading

NAIFA SmartBrief | Apr 16, 2015

Agents and advisers would be able to collect commissions on retirement-product sales under the Labor Department's proposed fiduciary rule, according to experts. "Fiduciaries must provide impartial advice in their clients' best interests -- and cannot accept payments creating a conflict of interest -- unless they satisfy one of two, possibly three, exemptions," which are "lengthy and will require careful reading" and generally call for written contracts, said NAIFA President Juli McNeely. InsuranceNewsNet online (04/15) InvestmentNews (free registration) (04/15)


4. Investors struggle with decisions about annuities, study says

NAIFA SmartBrief | Apr 14, 2015

Few people convert 401(k) accounts to annuities, a study by the Center for Retirement Research at Boston College says. The study author said the finding suggests people are conditioned to take a lump-sum payout and make wealth accumulation a priority rather than focus on having a retirement-income stream. Chicago Tribune (tiered subscription model) (04/06)


5. How a Medicaid-compliant annuity preserves savings

NAIFA SmartBrief | Apr 14, 2015

A Medicaid-compliant annuity can be used to make sure that some retirement savings aren't counted in determining eligibility for long-term care paid for by Medicaid. Such annuities can be set up in a few weeks, Alex Coppola explains. Wall Street Journal (tiered subscription model), The (04/13)


6. OMB nears release of Labor's fiduciary rule

NAIFA SmartBrief | Apr 14, 2015

The Office of Management and Budget is set to release as early as today the Department of Labor's proposed fiduciary standard for financial professionals who give retirement advice. The department submitted the rule for review less than two months ago. WealthManagement.com (U.S.) (04/13)


7. Labor Department invites comment on proposed fiduciary standard

NAIFA SmartBrief | Apr 15, 2015

The U.S. Labor Department has opened the comment period for its proposed fiduciary rule for retirement-plan advisers. The rule would require advisers to put clients' interests ahead of their own and disclose any conflicts of interest. It would allow revenue-sharing arrangements to continue. PlanSponsor.com (04/14) Pensions & Investments (free access for SmartBrief readers) (04/14)


8. Poll shows rate of Americans without health insurance down to 11.9%

NAIFA SmartBrief | Apr 13, 2015

The level of uninsured adults in the U.S. is the lowest since 2008, when the Gallup-Healthways Well-Being Index began examining such data. The uninsured rate as measured by the poll was 11.9% in the first quarter. Associated Press, The (04/13)


9. IRS private letter ruling on taxable annuities explained

NAIFA SmartBrief | Apr 17, 2015

The IRS has released a private letter ruling on its view of taxable annuities, which are defined as deferred annuities with subaccounts, each investing in a single mutual fund. The favorable ruling allows the owner to claim capital gains and losses on the investments. JDSupra.com (04/16)


10. FINRA aims to simplify brokers' communication rules

NAIFA SmartBrief | Apr 17, 2015

The board of the Financial Industry Regulatory Authority has approved an initiative to streamline and modernize rules governing the way brokers communicate with the public. "The changes will make the communications rules more efficient and effective for firms of all sizes, including new members," Chairman and CEO Richard Ketchum said. InvestmentNews (free registration) (04/16) ThinkAdvisor (04/16)




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