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SEC Still Rattling Sabers at EIAs

If a proposed rule is adopted, only those with securities licenses could sell EIAs, which would be regulated the same way securities are regulated.

RIIA Committee Seeks Research For Projected Curriculum

The committee will solicit the best academic research in several areas deemed essential for advisors who want to meet the retirement income challenge.

FINRA Warns About 401(k) Debit Cards

The organization warns that the “tempting convenience” of the cards can harm the card user’s future retirement security.

Lincoln Financial Launches 403(b) Tool

The Lincoln 403(b)e SURE Advantage will help plan sponsors meet the administrative burdens of next year's new IRS regulations.

New Legislation Would Bolster Veteran’s Benefits

The Heroes Earnings Assistance and Relief Tax Act of 2008 would give family members full pension benefits when a service member dies while on active duty.

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Articles

Hybrid Income Products Breed Concern Among State Regulators

Applications for a flurry of new investment products, in which guaranteed lifetime withdrawal benefits (GLWBs) are attached to managed accounts, lie pending before the Securities and Exchange Commission. But state insurance and securities regulators in some states, including New York, Florida and Alabama, have concerns about the products, which straddle the line between investments and insurance.

On the Road to STP

Last March, 32 members of the NASA-FSI working group met in Dallas to agree on an STP process for independent broker/dealers and to plan their next activity.

Research Watch

By claiming Social Security benefits later, married men would improve the retirement income security of their surviving spouses, according to a report from the Center of Retirement Research at Boston College.

Tax Forecast for GRIS: Partly Cloudy

The IRS has not yet ruled on the taxability of the new hybrid investment/insurance products, such as the Phoenix-Lockwood managed account with a lifetime income guarantee.

A Wrap Around a Wrap Account:

The Phoenix Companies of Hartford, Conn., and Lockwood Capital Management (LCM) of Malvern, Pa., have de-coupled the 5% lifetime withdrawal rider from deferred annuities and applied it to a separate account.

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