fixed income

US Insurance Industry Fights Regulation To Scrap Agent Commissions, Boosting Retirement Savings By $3B Annually

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US Insurance Industry Fights Regulation To Scrap Agent Commissions, Boosting Retirement Savings By B Annually

The US Labor Department’s new proposed standard to protect retirement savers who roll over money from their 401(k)s to individual retirement accounts (IRA) is facing massive backlash from the insurance industry. The rule will ensure insurance agents transition from selling products for high commissions to recommending investments that benefit clients during rollovers. The move will … Read more

Bond King Bill Gross Says Tesla Acting Like a Meme Stock as Shares Surge 35% in One Month

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Bond King Bill Gross Says Tesla Acting Like a Meme Stock as Shares Surge 35% in One Month

“Bond King” Bill Gross is known for his aggressive bond investing strategies and is accredited with democratising the fixed-income securities market by making it accessible to all investors. He co-founded Pacific Investment Management Company (PIMCO) and worked to make it the biggest active fixed-income fund management firm globally. Before PIMCO, trading bonds were rare and … Read more