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April 19, 2012
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News covering the insurance and financial advising industry

  Top Story 
  • Treasury official outlines benefits of annuities in 401(k) plans
    Too many Americans are not sufficiently prepared for retirement, and one solution is the addition of annuities to 401(k) plans, says J. Mark Iwry, senior adviser to the secretary of the Treasury and deputy assistant secretary for retirement and health policy. In this Q-and-A, Iwry discusses annuities and Treasury's proposal to make them available in retirement plans. Bloomberg Businessweek (4/17) LinkedInFacebookTwitterEmail this Story
  Industry News 
  Investment Trends 
  • Survey: Americans save less for retirement amid money strains
    Many Americans are saving less for retirement amid cash-flow and debt-management problems, a PricewaterhouseCoopers survey finds. The survey found that 67% of employees were saving for retirement, up slightly from 65% last year. But 40% said they had reduced retirement savings from the past year. More also said they planned to delay their retirement. Accounting Today (4/17) LinkedInFacebookTwitterEmail this Story
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  Policy Watch 
  • Regulations are expected to have varied impact on wealth managers
    A fiduciary standard, the Volcker rule and other regulations will have a significant impact on the wealth-management industry, with some measures hindering the industry and some helping it, according to executives at an industry conference. The fiduciary standard was praised by some executives, while others said the Volcker rule will hurt the industry by reducing liquidity and raising the cost of capital. (4/18) LinkedInFacebookTwitterEmail this Story
  • Geithner urges lawmakers to protect Dodd-Frank
    The House of Representatives should turn aside proposals that would weaken or eliminate some of the Dodd-Frank Act's "essential financial reforms," Treasury Secretary Timothy Geithner said in a letter to lawmakers this week. The House Financial Services Committee has taken up measures that would curtail the federal government's ability to wind down failing financial institutions and that would undo other parts of the act. Fox Business/Dow Jones Newswires (4/18) LinkedInFacebookTwitterEmail this Story
  • Financing for long-term care is a "train wreck," senator says
    Sen. Bob Corker, R-Tenn., says paying for long-term care is "a major train wreck" and that he is concerned about the viability of private long-term-care insurance. Corker, the senior Republican on the Senate Aging Committee, said funding long-term care requires public-sector participation. Forbes (4/18) LinkedInFacebookTwitterEmail this Story
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  Building Your Business 
  • Mobile app outlines the cost of long-term care
    A mobile application from Genworth Financial provides advisers with current information on how much it costs to pay for long-term care. The Cost of Care app provides state-by-state financial information. AdvisorOne (4/18) LinkedInFacebookTwitterEmail this Story
  NAIFA News 
  • Four Under Forty nomination deadline is approaching
    Someone you know is a leader. He or she is successful and committed to their community, family and team. Nominate them for Advisor Today's Four Under Forty Awards. It's the recognition they deserve and the next step in their amazing career. Get the nomination form -- the deadline is around the corner. LinkedInFacebookTwitterEmail this Story
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Often the hands will solve a mystery that the intellect has struggled with in vain."
--Carl Jung,
Swiss psychiatrist

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