Sales by advisers were rated the most effective method of marketing 529 plans, according to a survey.
A total of 222,184 consumer complaints were reported to the NAIC last year, a 3.6% fall from 2006.
The firm’s parent company, National Financial Partners, will replace Jeff Montgomery from within.
The American Council of Life Insurers has added James Szostek as the director of pensions in the taxes and retirement security department.
The number of U.S. workers filing new claims for unemployment benefits rose in late January to its highest level since October 2005.
Brian Duperreault replaces Michael Cherkasky, who left the New York-based insurance broker in December.
UBS posted a $14 billion write-down that will result in a $12.5 billion fourth-quarter loss.
A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch and Citigroup, up to $75 billion.
This followed a 4.7% increase in the third quarter, bringing average growth in 2007 to 2.2%, compared with 2.9% in 2006.
Claymore Securities has unveiled the Claymore/AlphaShares China Small Cap Index exchange traded fund on Amex.
