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February 4, 2013
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News covering the insurance and financial advising industry

  Top Story 
  • FINRA wants easier background checks on advisers and brokerages
    The Financial Industry Regulatory Authority proposed a rule to make it easier for investors to investigate the background of financial advisers and brokerages. The rule would require websites of companies regulated by FINRA to link to the agency's online database BrokerCheck. Reuters (2/1) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Commentary: Annuities that can meet safety-minded clients' needs
    Safety is just as important as income to many annuity buyers, but financial advisers may often be overlooking that concern when selling the products, Jonathan Musgrave writes. He suggests that high-cap, short-term and return-of-premium annuities may be better suited to clients who are more interested in moderate growth and access to their investment than in generating income. National Underwriter Life & Health (2/1) LinkedInFacebookTwitterEmail this Story
  • Avoid the trap of averages in retirement budgeting
    Relying on age-based spending averages in the Bureau of Labor Statistics' Consumer Expenditure Survey can lead future retirees astray, Steve Vernon writes. An individual's retirement budget should factor in debt, health, travel plans and other specifics. In addition, while the survey shows that people generally spend less money as they age, this could be because they have less to spend later in retirement, when health care costs typically rise. "I wouldn't count too much on reduced spending in your later years to justify spending more today," he writes. CBS MoneyWatch (1/30) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Federal exchanges will be up and running in October, HHS says
    The Department of Health and Human Services will be ready for open enrollment this fall, according to a department official. The federal government must set up exchanges in at least 30 states and have them ready to begin enrolling consumers in October. The department also reported an in-progress information hub that will help with verifying exchange eligibility. The Hill/Healthwatch blog (1/31) LinkedInFacebookTwitterEmail this Story
  Hot Topics 

Top five news stories selected by NAIFA SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  Building Your Business 
  • Survey: 86% of young investors ready to fire parents' adviser
    Advisory firms need to start hiring young financial advisers to attract and keep the business of Generation X and Y investors, who will have accumulated $28 trillion of personal wealth by 2018, up from $2 trillion in 2011, said Tom Nally, president of TD Ameritrade Institutional. A recent survey showed that, if given the chance, 86% of young investors would fire their parents' financial adviser, he said. Financial-Planning.com (1/31), Financial Advisor online (1/31) LinkedInFacebookTwitterEmail this Story
  NAIFA News 
  • NAIFA success on Capitol Hill an example for other associations
    NAIFA members have proven time and again to be dedicated and effective grassroots lobbyists. From the 1,000-person-strong Day on the Hill event during NAIFA's 2011 annual conference to 160-plus Capitol Hill office visits this past week, NAIFA members consistently answer the call when it comes educating Congress on how laws affect their businesses and clients. Read more on the NAIFA Blog. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Never assume the obvious is true."
--William Safire,
American author, columnist and presidential speechwriter


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