FundQuest has added Fidelity Investments Life Insurance Co.'s Personal Retirement Annuity to its platform, marking the first time that the Fidelity variable annuity will be available to fee-based advisers through a managed-account provider.
A Southern New Jersey securities broker who operated a $1.8 million investment fraud scheme has been sentenced to more than eight years in prison.
The broker-dealer channel is in the cross hairs of Sun Life Financial Inc. as the company aims to bolster its ranks of variable-annuity wholesalers and reach out to broker-dealers as a new channel for life insurance sales.
Third quarter indexed annuity sales were up 11.3% from a year ago, but down from record sales levels in the second quarter of 2009.
With Bank of America Corp. CEO Ken Lewis retiring in less than seven weeks, analysts don't see any candidate emerging as a front-runner for his successor.
Although Aviva USA Corp. already has an established strength in its lineup of indexed products, the insurer has its eye on the next innovation: a guarantee wrapper with a managed account or 401(k), according to chief executive Christopher J. Littlefield.
Insurance broker Willis Group Holdings said Friday Chief Financial Officer and Group Chief Operating Officer Patrick Regan will leave the company early next year to become CFO of insurer Aviva PLC.
Officials for Aviva PLC, the London-based insurer, today said it will become a listed company on the New York Stock Exchange on Oct. 20.
Christopher J. Littlefield has been named the chief executive of the insurance company Aviva USA.
One big deal is on the books — and another is in the process of being finalized — a sign that merger and acquisition activity continues to accelerate in the money management industry.
One big deal is in the books — and another is in the process of being finalized — a sign that merger and acquisition activity continues accelerate in the money management industry.
Credit Suisse Group posted a fourth-quarter net profit of 793 million Swiss francs ($746 million) on Thursday, blaming writedowns and a hefty U.S. legal settlement for failing to meet expectations.
The stock market's sudden downward pattern does not bode well for the rest of 2010, according an analysis of market history.
The stock market jumped on the first trading day of the year following reports of stronger manufacturing activity around the world as well as a rise in oil prices.
Stocks appear headed for a higher opening on the first day of trading in the new year following the lead of overseas markets. Stock futures are up.
Market forces work everywhere — even, it would seem, on the high seas. According to published reports, Somali pirates have created a stock exchange to manage their ill-gotten gains.
U.S. clients with more than 1 million Swiss Francs in offshore accounts with UBS could be ratted out.
Here are some solutions for 2010 that we hope our politicians, regulators and financial wizards have made.
As world leaders at the Copenhagen summit moved to chart a global strategy on climate change, the U.S. Congress was readying itself to take up cap-and-trade legislation to reduce carbon emissions here at home.
