Earlier this week, the U.S. Securities and Exchange Commission approved the SEC’s Regulation Best Interest: The Broker-Dealer Standard of Conduct (Regulation BI). The SEC started working on the Reg BI project after the U.S. Department of Labor started experiencing difficulties in implementing its own fiduciary …
House Members Pomeroy and Brown-Waite Introduce “Retirement Security Needs Lifetime Pay Act” on June 8, 2009 | AALU Bulletin The July issue of the AALU (Association for Advanced Life Underwriting) points out at House Resolution 2748 that proposes tax exclusions for lifetime annuity income payments, …
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