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February 26, 2013
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News covering the insurance and financial advising industry

  Top Story 
  • Alzheimer's cases will increasingly challenge advisers, experts say
    The number of people with Alzheimer's disease is expected to rise significantly in the coming decades, posing a serious challenge to the financial professionals charged with advising them, experts say. Advisers need to recognize the signs of dementia in their clients in order to perform appropriately under the fiduciary standard, and they need a written policy regarding such clients, experts warn. InvestmentNews (free registration) (2/24) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Postponing retirement can boost annuity payouts, experts say
    Postponing retirement for as little as a year can offset lower annuity payouts as low interest rates persist, write William Byrnes and Robert Bloink. Retirees who work for an extra year can see an additional 9% in annuity payments, according to a study by the Society of Actuaries. Annuity holders who wait five more years to retire can see a 50% increase on average in their payouts, Byrnes and Bloink write. AdvisorOne (2/25) LinkedInFacebookTwitterEmail this Story
  Investment Trends 
  • Report calls for limits on 401(k) incentives for high earners
    Retirement-savings tax incentives should be reduced for top earners, a report from the Brookings Institution recommends. These individuals would save for retirement even without the incentives, and the incentives are not effective at prompting those with lower incomes to save, says Karen Dynan, author of the report. The tax benefit given to 401(k)s is projected to cost the U.S. $429 billion between 2013 and 2017. Bloomberg (2/25) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Study on nixing 12(b)-1 fees draws flak
    Elimination of 12(b)-1 fees would reduce broker-dealer revenues by about 1%, according to a report by Boston College's Center for Retirement Research. Some in the industry, however, say the effect would be much greater because such a change could end commission compensation. InvestmentNews (free registration) (2/22) LinkedInFacebookTwitterEmail this Story
  • Congressional hearings on Medicare changes are set this week
    Three congressional committees will hold hearings this week on Medicare benefits as well as parts of the Affordable Care Act provisions designed to make Medicare more effective. A House Ways and Means subcommittee will concentrate on Medicare's fee-for-service model, the Senate Aging Committee will look for options to improve the program's financing and the Senate Finance Committee will assess ACA programs that are meant to reduce Medicaid and Medicare costs. Kaiser Health News/Capsules blog (2/25) LinkedInFacebookTwitterEmail this Story
  • Other News
  Building Your Business 
  • Commentary: Retirement plans should focus on women's concerns
    Retirement-plan providers and employers need to be responsive to women's approach to saving and investing for retirement, writes Lisa DeSimone of Lincoln Financial Group. Optimistic messages are more effective than fear-based tactics for women, who prefer to communicate face-to-face with a knowledgeable adviser, DeSimone writes. Providing automatic plan features and clear choices also may better engage women, she writes. National Underwriter Life & Health (2/25) LinkedInFacebookTwitterEmail this Story
  NAIFA News 
  • NAIFA member is appointed general manager of National Life Group
    NAIFA member Ed Barrett, ChFC, has been appointed general manager of National Life Group's northern New Jersey region. In his new post, Barrett will lead market development and agent recruiting in northern New Jersey for National Life Insurance Co., a member of National Life Group. Read more on the Advisor Today blog. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Hate traps us by binding us too tightly to our adversary."
--Milan Kundera,
Czech writer


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