In a significant step toward improving variable insurance product (“VIP”) disclosure, the U.S. Securities and Exchange Commission (“SEC”), on October 30, 2018, proposed a new rule (the “Summary ...

With more than nine in 10 shareholders reporting Internet access, the SEC's summary prospectus rule represents more than just an opportunity to provide an easier-to-understand document. The new rule ...

In Advisory Opinion 2013-04A (September 9, 2013), the U.S. Department of Labor (DOL) confirmed that, in satisfying the requirements of Prohibited Transaction Exemption (PTE) 77-4, a summary prospectus ...

Plan sponsors got a bit of a roadmap from the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) about how to rely on a summary prospectus to meet the prospectus delivery ...

In a widely anticipated move Wednesday, the Securities and Exchange Commission unanimously approved a requirement for mutual funds to send investors a short-form, summary prospectus. The summary ...

The Securities and Exchange Commission proposed late Tuesday its long-awaited summary prospectus for variable annuities and variable life insurance contracts. The plan is designed to help investors ...

The new rule permits variable annuity and variable life insurance contracts to use a summary prospectus to provide disclosures to investors. The U.S. Securities and Exchange Commission (SEC) announced ...

While mutual fund companies and brokers are enthusiastic about a proposal to simplify fund prospectuses, they object to the idea of filing quarterly performance and holding updates, according to ...

The Investor Communication Solutions division of Broadridge Financial Solutions (NYSE:BR), a leading global provider of technology-based outsourcing solutions to the financial services industry, and ...

Your article was successfully shared with the contacts you provided. The Securities and Exchange Commission may issue a long-awaited variable annuity summary prospectus rule this year, while the ...

A prospectus is a legal document that describes a security to potential investors. Required by the SEC, a prospectus contains facts about the company (or fund), its finances, management, and other ...