MarketFacts Issue 2, 2019 includes an up-front focus on Digital Trends in the industry, as well as our research sections on Markets, Products, Distribution, Retirement, and Around the Globe
ON June 5th 2019, the Securities and Exchange Commission adopted a new rule establishing a standard of conduct for broker-dealers when making a recommendation to a retail customer of any securities transaction or investment strategy involving securities (“Regulation Best Interest”). Regulation Best Interest enhances the broker-dealer standard of conduct beyond existing suitability obligations, and aligns the standard of conduct with retail customers’ reasonable expectations.
With the DOL Fiduciary rule having been vacated by the 5th circuit court of appeals in 2018, the intense focus across the industry on the federal fiduciary rule has now shifted to state regulators. Of particular impact to the life and annuity industry is the New York Department of Financial Services (DFS) amendment to Regulation 187, renamed, “Suitability and Best Interests in Life Insurance and Annuity Transactions” regulation.
LIMRA and LOMA Launch Best Interest Training Programs for Industry Professionals to Comply with the Amended NY State Reg. 187
LIMRA and LOMA today introduced a comprehensive training program to help sales professionals and home office employees understand and comply with New York State Regulation 187, which goes into effect on Aug. 1, 2019.
LIMRA Secure Retirement Institute (LIMRA SRI) released its three year annuity sales forecast for 2018, 2019 and 2020. After six consecutive quarters of declines, total annuity sales leveled off in the fourth quarter 2017 and first quarter 2018. Improved economic
This webinar, the first of two parts, will discuss the new “best interest" standard and related supervision requirements for insurers and intermediaries operating in New York under Amendment No. 1 to New York Insurance Regulation 187.
WINDSOR, Conn., July 2, 2019 – LIMRA today announced Bradford Campbell, partner, Drinker Biddle & Reath LLP, will be one of the main stage speakers at the 2019 LIMRA Advanced Sales Forum, which will be held in Chicago on August 5–7, 2019.
The SEC's proposed Best Interest Regulation applies to recommendations to participants, including rollovers, but apparently does not apply to advice to plans.
MarketFacts Issue 3-2019 includes an up-front focus on The Evolving Workplace and its effects on the industry, as well as our research sections on Markets, Products, Distribution, Retirement, and Around the Globe.
- Regulatory Compliance
- Distribution Channels
- Full Service Broker-Dealer
- Independent Broker-Dealer
- Registered Investment Advisor (RIA/IAR)
- Agency Building
- Multiple Line Exclusive Agency (MLEA)
- Independent Distribution Networks (BGAs/IMOs)
- Private Employers
- Public Employers
- Small Businesses
- Workplace Benefits
- Retirement, Institutional/Workplace
- Retirement, Retail
- Retirement Income
- Retirement Planning
- Distribution Management