In a bid to grab a bigger slice of the highly competitive retirement plan market, John Hancock last week became the first provider to offer 401(k) participants a choice between target date funds that are constructed to take investors “to retirement” or “through retirement.”
The Hartford Financial Services Group Inc. has named Sharon Ritchey head of retirement plans in its wealth management division, replacing Jamie Ohl.
Connecticut's insurance regulator yesterday shot back at critics of insurers' use of so-called retained asset accounts.
Public response to the Securities and Exchange Commission's proposal to enhance target date fund disclosure has been tepid — even as the public-comment deadline looms three days away.
New York Life Insurance Co. was the top seller of fixed annuities during the second quarter, with $1.74 billion, according to Beacon Research Publication Inc.
Annuity sales skyrocketed during the second quarter at Prudential Financial Inc., thanks to a push to expand distribution relationships in the bank and wirehouse channels.
MetLife stays at the top, with Prudential and TIAA-CREF right behind
Axa also failed to use product comparisons that lower the surrender and death benefit value by the investment fund charges when considering hypothetical rates of return.
New York Life Insurance Co. said today that John Kim, president and chief executive of the company's investment management arm, will become chief investment officer at the end of the year.
