Just as quickly as it was passed, the Senate approved a resolution to kill the DOL Fiduciary Rule on Tuesday (May 24). President Obama has made it clear that he will veto the resolution should it find its way onto his desk. The resolution passed with a vote of 56-41, a far cry from the 290 supermajority needed to override a presidential veto. Those who support the rule argue that it will protect the middle class investors from advisors who may be recommending high-fee products that reap high profits for the advisor and high risk/low reward for the investor. While those who oppose the rule argue that the rule will end up hurting the middle class by resulting in significant increases in regulatory costs for advisers making investment advice much more expensive. And those who oppose the regulation have been quite vocal about their disapproval. Senate Majority Leader Mitch McConnell has warned that fees for investing could more than …
A.D.A.M., (a business unit of Ebix, Inc.) is pleased to announce that Health Capsules, a new part of their SmartEngage™ online program, has won the 2016 “Best in Class” Interactive Media Award. The Best in Class award is the highest honor bestowed by the Interactive Media Awards. It represents the very best in planning, execution and overall professionalism. In order to win this award level sites must successfully pass through a comprehensive judging process, achieving very high marks in each of IMA’s judging criteria – an achievement only a fraction of sites in the IMA competition earn each year. Health Capsules are 10 minute animated, online video tutorials that help patients understand their illness, medical condition, or a medical procedure. The Health Capsules’ topics focus on a broad range of health concerns. Ebix Senior Vice President, Michael Scunziano, commented: It’s an honor to have our work recognized by the Interactive Media Awards. …
There’s more to compensation than salary. Studies have shown that employees who understand the full value of their earnings have better attitudes and are more motivated on the job. According to the Bureau of Labor Statistics, when medical insurance, bonuses and 401K factor in, the average compensation is 30% more than salary alone! What is surprising is that most employees seem to have no clear picture of their total compensation package or about the financial investment their company has made in them in the way of both direct and indirect compensation. Start planning now to educate your employees in early 2016 about what exactly makes up their complete compensation statement and how to use that complete package to their advantage. EbixEnterprise Total Rewards promotional products offer everything from multiple customizable digital newsletters to printed wellness kits designed to affect real change in your workplace culture. Click to learn more.
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