Annuities

‘Equi-vest’ account statements sent to a million public school teachers and other 403(b) and 457(b) clients were missing nearly all of the expenses, the regulator says.

The regulator charged RiverSource with violating a provision of the Investment Company Act that’s never previously been part of an enforcement action.

From inflation concerns to an annuities bill circulating in Congress, there is a lot for clients to consider as they plan their exits from the workforce.

Catch up on the bits of wealth management news you might have missed over the last week.

Teachers and certain other public, healthcare or nonprofit workers are paying high costs for their retirement plans, according to industry critics.

Here's what happened over the last week in wealth management.

With their growth tied to market indices, FIAs have the potential to provide higher returns than traditional low-risk or fixed investments like CDs.

Lawmakers want annuities in Americans’ retirement plans in reintroduced legislation.

New flavors of the retirement investments aim to override a lingering bad image by scrapping conflict-laden commissions and being easier to understand. Will independent financial advisors finally be persuaded?

The new platform aims to be a place for advisors to access a digital marketplace of insurance and structured products.

Real interest rates, which protect from inflation, have fallen in recent years, making it more expensive to finance future spending, Allison Schrager writes.

New flows to traditional fixed income investments remain strong, according to Cerulli Associates data.

The broker allegedly spent his client’s money on luxury items then pivoted to a Medicare fraud scam a couple of years later.

It’s a move that combines two businesses providing products and services in high demand — investment returns and retirement income, the firms said.

With few areas of growth in 2020, insurers are focusing on burgeoning RILAs and finding more distribution channels, experts say.

Sammons is trying to solve the longtime question of how best to combine planning with certain products through technology.

Three provisions in the far-reaching law “make it likely that annuities will become more prevalent in company plans,” one expert says.

The investment plays on a trend, “which is the blurring of the distinction between traditional insurance products and wealth management products.”

Decisions we make during financial crises alter as retirement nears — and not always for the better.

The wealth manager whose parent firm also owns an insurer and asset manager settled its third case involving the same time period.