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August 15, 2016 by Christine Pratt

On July 29, 2016 the Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter seeking comments on proposed changes to 2008 guidance for third-party lending. Since the FDIC’s role in regulation is to insure customer deposits against bank failures, its 2008 guidance spoke to third-party dangers that could cause banks to fail and what measures and due diligence might need to be in place to prevent losses due to these relationships. It was primarily directed at outsourcing providers.

August 8, 2016 by Samantha K. Chow

Life insurance is a must-have if you have a family or financial commitments. Like many, I bought my policy many years ago and never really thought about it again. Granted, I live in the world of life insurance, so I know it is there and active, but it wasn’t until recently that a friend probed me to take a look and make sure I had the coverage I needed (he’s a new agent). I passed all my information over to this new agent and told him to do his thing and let me know where I stood. When he came back to me, he advised me that my current policy was based on a 30-year-old mortality table and costing me way too much! Who would have thought?

July 26, 2016 by Javier Paz

Twice a year and once every three years, the world of foreign currency trading gets a peek at the trajectory of OTC FX markets. Having just gone through the April 2016 results from semiannual FX surveys by major central banks, I am now anxiously awaiting the early-September interim results from the April 2016 Bank for International Settlements triennial FX survey.

July 5, 2016 by Samantha K. Chow

Distribution is a question and concern on every life insurance and annuities company’s mind. What new channels should we experiment in? What should our distribution strategy look like? What types of consumers are most important to our strategy, and how do we reach them? What type of products are most important to our strategy, and what consumers are they fit for? All of these questions are being pondered today in an effort to define the distribution strategies of tomorrow.

July 5, 2016 by William Boland

Just two years ago, “robo” models on the market included over a dozen direct-to-client models (e.g., Wealthfront, Betterment, Personal Capital). Despite the enthusiasm surrounding robos by wealth managers and even a small pocket of clients, they were lacking the institutional buy-in needed to achieve scale. That changed in October 2014. Fidelity broke new ground when it formed a partnership with Betterment Institutional that would give the more than 3,000 advisors on its platform the ability to service the mass-affluent through digital advice. Fidelity ultimately dissolved the partnership in favor of internalizing its digital effort. Still, the endorsement was a needed catalyst for digital.