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Insurance regulators move on
MedPage Today    Share   Share on FacebookTwitterShare on LinkedinE-mail article
A group of state insurance commissioners finalized a proposal that will play a crucial role in implementing the health care reform law, while lawyers continue to argue over the law's constitutionality. The NAIC approved a proposed regulation in the reform law dealing with the so-called medical loss ratio, or MLR. The MLR refers to the proportion of an insurer's revenue that is spent on patient care. More



  Industry News


Insurance professionals pitch annuities as antidote to market downturns
Investment News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
After seeing their retirement savings devastated by the financial crisis, Americans may be more open to annuities as a way to ensure an income stream and protect against market downturns, according to an insurance industry leader. "The value proposition has never been easier to explain; it's no longer theoretical, "John R. Strangfeld, chairman and chief executive of Prudential Financial Inc., recently said in a speech at the annual conference of the Insured Retirement Institute in Chicago. "Americans are looking for certainty — the type of certainty we're providing," Mr. Strangfeld said. More

Roth-to-IRA reversal opens up options
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail
article
All year long, advisors have been checking to see if new rules on moving money from traditional IRAs into Roth IRAs fit their clients' needs, and often making the move. Now, in some instances, they are taking advantage of one nice aspect of Roth accounts: They can reverse the decision. There are a number of reasons why, after shifting assets to a Roth, someone would want to reverse that conversion through a tax-filing process called recharacterization. More

Analysts watching how insurers handle low interest rates, pricing
Reuters via Insurance Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Insurers are under growing pressure from two fronts, each of which promises to be a key focus in earnings reports the next two weeks — depressed interest rates that could dampen investment income in coming years and tight markets that have put a lid on pricing power. Analysts will be watching closely to see how the industry's top insurers handle both problems, either of which could be enough to constrain earnings in coming quarters. More

Cole Information - Offers Online Quick-to-Access Targeted Prospecting
For more than 60 years Cole Information has helped businesses find new customers. In 1947, Jack Cole created a “criss-cross reference directory” that quickly became the standard sales tool for businesses across the country. Today that innovation continues with useful Web-based products that provide quick access to targeted prospects. Cole X-Dates and Cole Lists are powerful, cost effective list-building tools being used by financial professionals to grow their businesses. Find prospects for life, health, auto, home, business, multicultural, and many others with a click of a mouse. Cole Information is excited to offer FSP members a 15 percent discount. For more information, or even a free demonstration, call Cole Information today at 800-376-0552 or visit Cole Information and click on the product page.


  Regulatory and Legislative News


Dodd-Frank: SEC drafts swaps proposal
The National Underwriter    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The U.S. Securities and Exchange Commission has posted a proposed rule that could shape swaps governance systems. The SEC is writing major new swaps market regulations to implement the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act, which defines the term "swap" and will require large financial institutions to conduct many swaps trades through clearinghouses, exchanges or other entities. More

  Practice Management


The top 10 trends in wealth management
Advisor One    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Wealth managers are examining all kinds of issues as they continue to push for growth while markets and the economy stabilize. We hear a lot about advisors' issues and concerns, and thought a list of what's buzzing around the wealth management industry would be useful. More

Be happy with what you've got
Advisor.ca    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The perverse thing about living in a society that's obsessed with keeping up with the Joneses is people are seldom satisfied. Fulfillment in life can come from any number of activities or pursuits. Many of them relate back to things that money can't buy. For better or worse, many people value those things that represent demonstrable wealth and/or conspicuous consumption. It seems the ethos of wanting what you have is fading quickly. More

How to rev up revenue by systematizing your practice
Financial Planning    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Craig Snyder, whose firm America Group Retirement Strategy Centers in Southfield, Mich., consists of 52 advisors managing a total $1 billion in assets, is LPL's sixth largest—and growing. It got that way, Snyder said, via a simple yet rigorous practice-management technique he's simplified over the past six years that any advisor can easily adopt. "Advisors need systems in order to accomplish their goals, whether you're a large firm or a one-man team," Snyder said. "You need to track your activity so you can see what else you need to do to maximize your return on investment." More

FedEx® Offers Savings
FSP members can now enjoy real savings on envelope and small parcel shipments sent and received via FedEx®, one of the nation's premier small package carriers and an FSP Member Discount Company. FSP Members will receive discounts on domestic and international shipments with FedEx Express®, FedEx Ground®, and FedEx Home Delivery®. Save up to 27%* on select air shipments with FedEx Express; up to 15% on select shipments with equally dependable and economical FedEx Ground; and up to 10% on select shipments with FedEx Home Delivery, a residential service with a money-back guarantee. There is no cost to enroll for members, and there are never any shipping minimums to meet in order to get the discounts. For more program details and to enroll online, simply go to www.PartnerShip.com/63fsp.

*Includes a bonus 5% online processing discount. Full details are available at www.partnership.com/63fsp/discounts.asp.


  Society News and Programs


2010 ABEA winners announced at FSP Forum
Society of FSP    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Eat 'n Park Hospitality Group of Pittsburgh, Penn., Merrick & Company of Aurora, Colo. and Integrated Project Management Company of Burr Ridge, Ill., were named the 2010 American Business Ethics Award winners at the 2010 FSP Forum in Orlando, Fla. Learn more about the ABEA program at ABEA.

Response to recent Wall Street Journal article
Society of FSP    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Cliff Berg, Jr., 2009-2010 FSP president, responded to a recent article in the Wall Street Journal on financial credentials. Read Cliff's entire response at Berg.
 
 
FSP NewsBrief
Colby Horton, Vice President of Publishing, 469.420.2601   Download media kit
Bianca Van Audenhove, Content Editor, 469.420.2611   
Disclaimer: The articles that appear in FSP NewsBrief are chosen from a variety of sources to reflect topics of interest to FSP members and other financial service practitioners. The inclusion of an article or advertisement in FSP NewsBrief does not imply that the Society of FSP endorses, supports or verifies its contents or expressed opinions. Factual errors are the responsibility of the listed publication. FSP NewsBrief articles may be protected by copyright and should not be reproduced without express permission of the copyright holder.

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