Bloomberg

Bloomberg
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RIA NEWS JUN 19, 2008
Economy shows signs of life

Findings from The Conference Board Inc.'s index of leading indicators show that an economic rebound may be on the horizon.

MUTUAL FUNDS JUN 19, 2008
Target date funds tops for retirement plans

Target date funds are benefiting from the requirement that 401(k) plans include qualified default investment alternatives.

RETIREMENT PLANNING JUN 19, 2008
401(k) contributions drop in troubled economy

Some 21% of participants are now contributing at a lower rate and 4% have stopped altogether, according to Putnam.

LIFE INSURANCE AND ANNUITIES JUN 19, 2008
Genworth unveils universal life policy

The policy, the Lifetime FlexPlus II, features premiums that are 3% to 5% lower than those of the original version.

RIA NEWS JUN 19, 2008
Fidelity declines to divest from Sudan

The firm issued a statement at a shareholders’ meeting at which Investors Against Genocide had raised the issue through shareholder proxy voting.

ALTERNATIVES JUN 19, 2008
Blackstone buys health care group for $1.6B

The deal would transform Apria Healthcare into a private company wholly owned by Blackstone and its affiliates.

LIFE INSURANCE AND ANNUITIES JUN 18, 2008
PennLife pays $925,000 forfeiture

Pennsylvania Life Insurance has agreed to a $925,000 settlement following allegations of unsuitable annuity sales in Wisconsin.

RIA NEWS JUN 18, 2008
Morgan Stanley’s steep losses beat Street

The New York-based firm suffered a 61% second-quarter drop in profit but still beat analysts' expectations.

LIFE INSURANCE AND ANNUITIES JUN 18, 2008
Gallagher buys consulting group

The Lance Group specializes in school boards and municipalities and handles benefit plan analysis as well as design.

RIA NEWS JUN 18, 2008
Bellatore makes first asset acquisition

Bellatore Financial of San Jose, Calif. will purchase $540 million in assets from Nationwide Investment Advisors