Embedding annuities into target date funds might be the key to offering annuities as an investment option in 401(k) plans.
Ten years after the Department of Labor gave its blessing to socially conscious investments in defined contribution plans, the area finally has come of age.
Economic uncertainty and market volatility are taking donor-advised funds on a roller coaster ride.
Charitable giving in the United States reached a record $306.4 billion in 2007, the Giving USA Foundation reported.
New York Life Insurance Co. has tapped Jon Stenberg to join the company as a senior vice president in the individual-life department.
Investors put more than $75 billion into mutual funds in May, as stock, bond and money market funds reported positive inflows.
Hedge funds posted positive returns in May, despite growing concerns that inflationary pressures and spiking oil prices would hinder growth rates.
Ratings firm Moody's Investors Service has slashed the ratings of guarantors MBIA Inc. and Ambac Financial Group Inc., both of New York.
Barclays PLC might receive about $927 million from Sumitomo Mitsui Financial Group Inc. to bolster its depleted balance sheet.
