Category: Retirement Security

Consumers Benefit from Regulation BI

The bar on consumer protections is raised in important ways by the Securities and Exchange Commission’s (SEC) Regulation Best Interest (Reg BI), which goes into effect at the end of this month. Reg BI preserves access for middle- and lower-income savers to financial professionals that offer the opportunity to set up income guaranteed for life. Insurance … Continue reading "Consumers Benefit from Regulation BI"

Countering Market Volatility

Market volatility is especially unnerving after decades of working and saving. The antidote is smart, sound financial education, information and options. Fortunately, the Securities and Exchange Commission (SEC) adopted rules last June, and the National Association of Insurance Commissioners (NAIC) adopted a model regulation in February, to make sure people can get the help they … Continue reading "Countering Market Volatility"

SECURE Act Enables More Lifetime Income Options for Savers

The SECURE Act is a huge win for millions of retirement savers. Signed into law by President Trump in December, the SECURE Act removed an obstacle that many employers said discouraged them from offering annuity options to their retirement plan participants. Offered by life insurers, annuities are the only financial product that delivers guaranteed income for … Continue reading "SECURE Act Enables More Lifetime Income Options for Savers"

Best Interest Advances Will Protect America’s Consumers

Nearly two years ago, the Fifth Circuit Court of Appeals struck down the Department of Labor’s misguided fiduciary regulation. That momentous decision triggered a series of thoughtful, well-reasoned measures by lawmakers and regulators in Washington, D.C., and across the country. These ongoing actions are part of a nationwide movement to provide American consumers the protections they deserve … Continue reading "Best Interest Advances Will Protect America’s Consumers"

Women Are Controlling the Purse Strings—So Why Aren’t They Confident?

[A version of this article appeared on LinkedIn] It’s not surprising that we in the life insurance industry think a lot about financial security. But this week, as I gear up to speak at two events regarding women and financial security, I’ve been reviewing some surprising numbers about women, money, and confidence. Women have made … Continue reading "Women Are Controlling the Purse Strings—So Why Aren’t They Confident?"