Shares of Lincoln National Corp. fell today as the insurer prepared to pay down $500 million in debt.
Insurers, concerned about conserving capital, have put the brakes on their fixed-index-annuity production, a move that advisers say could put a crimp in their business.
Elizabeth A. Monrad, the former finance chief of General Re Corp., is heading to prison for her part in a scheme that inflated American International Group Inc.’s financial statements.
Protective Life Corp.’s quest to acquire a Florida bank holding company abruptly ended yesterday because of the insurer’s inability to participate in the Troubled Asset Relief Program.
A Florida Senate bill that would levy heavy penalties on agents and financial advisers who make fraudulent annuity sales has moved closer to becoming law — though not without a few insurance industry-friendly changes.
President Obama has his eye on automatic enrollment in individual retirement accounts and an expansion of the Saver’s Credit Act as a way to encourage Americans to prepare for retirement, according to a retirement policy expert.
Even though retired clients have been hobbled by tanking investments, opportunities still await those who dare to try alternative investments, according to experts.
Advisers are being pelted with a dizzying array of new insurance products. But as quickly as products develop, so, too, do the challenges, which include evaluating carriers’ financial health and deciding which product might be favorable in a given economic environment.
A high-tax environment can be a win-win for clients with a Roth IRA and for financial advisers who would like to expand their businesses, according to financial guru Edward A. Slott.
The office of New York insurance superintendent James Wrynn has ordered embattled bond insurer Financial Guaranty Insurance Co. to halt claims payments.
