- Today’s Advisors: Confident in Job Security But Not the Market
New views on the global labor market
Financial services professionals are confident in their job security despite being negative about the economic outlook, according to a new survey by Selby Jennings. Over half (57%) of global respondents feel confident in keeping their jobs over the next six months, despite the majority (62%) foreseeing a worsening economy over the next year.
read more - CFP Board Implements Reforms to Strengthen Enforcement of Its Code of Ethics and Standards
Expanding consumer access to advisor information, advisor disclosures
Certified Financial Planner Board of Standards, Inc. (CFP Board) today announced additional efforts to strengthen the enforcement of its Code of Ethics and Standards of Conduct (Code and Standards) for CFP® professionals, which will begin on June 30, 2020.
read more - Homes Are Selling At The Fastest Pace in More Than Two Years
The hottest U.S. markets are in the Midwest
Homes are selling faster now than any time since spring 2018, a new Zillow® analysis shows1, meaning potential buyers should be prepared to strike quickly, and sellers who have been on the fence through the onset of the coronavirus pandemic might now want to list.
read more - FSI Statement on DOL’s Proposed Exemption for Investment Advice Fiduciaries
Encourages alignment with SEC’s Reg BI and preserving investor choice
Today, the Department of Labor (DOL) released a proposed exemption for investment advice fiduciaries relating to retirement financial advice. This comes after the DOL’s fiduciary rule was struck down by the Fifth Circuit Court of Appeals in March 2018 following a challenge by a coalition of organizations, including the Financial Services Institute (FSI).
read more - Private Capital: Investor Transparency As A Differentiator
For Alt-Investments, building investor confidence during a downturn while positioning for the upturn
PEF Services, a leading fund administrator for Alternative Investment Managers, today announced the release of a new white paper entitled "Investor Transparency as a Differentiator." The report considers how General Partners (GPs) can win the trust of their Limited Partners (LPs) during the downturn and position themselves advantageously for the influx of allocations that are…
read more - Asset Stress From COVID-19 Drives Negative Ratings For Insurers
Such outlooks generally have a one to two year window
Following a review of North American insurers on the coronavirus impact, asset stress contributed to the most Negative Rating Outlook changes, according to Fitch Ratings. Fitch reviewed its entire portfolio of rated North American insurers between March 17 and June 5, 2020, in light of the risks and uncertainties related to the global coronavirus pandemic.
read more - Consumers Concerned About Tax Changes Impacting Their Retirement Income
Tax changes are causing Americans concern, however very few are doing anything about it
Tax changes are causing Americans concern, however very few are doing anything about it New research from Lincoln Financial reveals that it’s not all about filing taxes on time RADNOR, Pa., June 26, 2020 – With this year’s new tax deadline (July 15) quickly approaching, Americans are concerned about taxes but it’s not about filing…
read more - Enter The ‘Resilient Generation’
How Millennials and Gen Z look at COVID-19 as an opportunity to reset, take action
n the face of unprecedented health and economic disruption caused by the COVID-19 pandemic, millennials and Gen Zs express resolve and a vision to build a better future, a new Deloitte survey finds. The 2020 Deloitte Global Millennial Survey, now in its ninth year, reveals that both generations remain resilient in the face of adversity…
read more - How’s Your ‘Brand Intimacy’ Level?
Financial Services ranked 11th out of 15 industries
The financial services industry maintained its 2019 spot, ranking 11th out of 15 industries studied in MBLM's Brand Intimacy 2020 Study, which is the largest study of brands based on emotions. MBLM (pronounced Emblem), the agency using emotional science to build more intimate brands during these unprecedented times, is also analyzing COVID-19's impact on the…
read more - Engaging Life
Why are only 22% of Gen-Z prepared to be life insurance beneficiaries?
America's Generation Z— which has grown up as digital natives and is more likely to be engaged in social activism—is less engaged when it comes to life insurance. According to a recent survey from the National Association of Insurance Commissioners (NAIC), only 22% of Generation Z say they are prepared to be a life insurance…
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