A.M. Best Co. today downgraded Security Benefit Life Insurance Co.’s financial strength rating to A- from A.
The Federal Reserve Board held the economy’s key interest rate at 2% today in a bid to keep inflation in check.
Women want to learn about preparing for retirement, but advisers who want to attract that market need to adapt their practices.
Sun Life Financial Inc.’s U.S. division in Wellesley, Mass., today introduced Retirement Blueprint, which helps advisers expand their role with their clients.
Equity index annuities could be regulated as securities if a proposal approved 3-0 today by the Securities and Exchange Commission is finalized.
Stock and bond funds had net inflows of $34.6 billion last month, up from $24.7 billion in April, according to FRC.
The employee benefits provider was fined for for failing to report special payments to an insurance broker.
Home prices continued their freefall in April, with some areas reporting declines of nearly 27% year-over-year.
Fidelity's IRA market share is about 13.7% as of the fourth quarter of 2007, up from 12.7%, the previous year, according to Cerulli.
"Consumer confidence may be nearing a bottom,” said the director of The Conference Board.
