Adopted Changes SSAP No. 30R – Unaffiliated Common Stock SSAP No 32R – Preferred Stock Adoption includes minor revisions clarifying that investments that are, in substance, residual interests should be reported on Schedule BA on the dedicated reporting line for residuals. No revisions to the annual statement instructions were made, as the Schedule BA i…
By Brett Layton
Superior tax planning is about generating the required current cash flow with the least tax cost, maximizing future wealth and financial flexibility, and maintaining acceptable risk. Tax planning success requires specifics, starting with a comprehensive net worth statement and a complete understanding of your future earning potential and career de…
The Star of this SAPWG Meeting The exposure of a revised definition of what qualifies as a bond was brief but drew great interest: What will be allowed as a bond carried in Schedule D-1, a culmination of discussions that started in 2013. This topic deserves its own article, and you can find it here. Selected Non-contested / Non-substantive Adoptions: #2021…
Levelized Commissions, the Star of this SAPWG Meeting (hotly discussed but still final adopted as a non-substantive item): We wrote specifically about this issue in our SAPWG November 2020 fall meeting update. The topic has garnered extensive interest and response from regulators and interested parties. This is the 5th public discussion of this subj…
