Information Provided By:
Fly News Breaks for April 17, 2015
PRI, TMK, CNO, PFG, NSAM
Apr 17, 2015 | 08:52 EDT
FBR Capital says that after an initial positive reaction to the draft fiduciary rule by the Department of Labor, many are now viewing the rule as "fairly onerous," since anyone providing advice tied to retirement savings could see their legal liability increase. FBR adds that based on its industry conversations, there may be an opportunity for some non-traded REITs to restructure as Regulated Investment Companies, which would seem to qualify as an eligible asset. In the NTR space, NorthStar Asset Management has sold off the most, FBR points out. The firm views the pullback as overdone and sees a buying opportunity at current levels. It also thinks the Department of Labor's focus on the transfer between and out of retirement products may leave Principal Financial (PFG) with the most exposure among insurers. Annuity writers may be exposed to the extent that sales are funded by retirement funds, FBR says. The firm says it is not clear whether controlled distribution platforms like CNO Financial (CNO), Torchmark (TMK) and Primerica (PRI) would be affected, but feels any sales out of retirement account funds may carry extra legal risk.
News For NSAM;PFG;CNO;TMK;PRI From the Last 2 Days
There are no results for your query NSAM;PFG;CNO;TMK;PRI