Industry News

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NEWS LIFE INSURANCE AND ANNUITIES JUN 23, 2009
Tax break sought for non-qualified lifetime annuities

By Darla Mercado
NEWS EMERGING MARKETS JUN 23, 2009
U.S. housing data weighs on world markets

By Bloomberg
NEWS INDUSTRY NEWS JUN 23, 2009
Oil slides to near $67 on grim World Bank forecast

By Associated Press
NEWS INDUSTRY NEWS JUN 22, 2009
Fidelity Charitable Gift Fund reduces minimum to $250,000

The Fidelity Charitable Gift Fund today announced that its board has voted to reduce the minimum-asset requirement for its Charitable Investment Advisor Program.

By Sue Asci
NEWS RETIREMENT PLANNING JUN 22, 2009
Obama announces $80B deal with drug companies

Drug companies have pledged to spend $80 billion over the next decade to help reduce the cost of drugs for seniors and pay for a portion of Obama's health care legislation.

By Bloomberg
NEWS INDUSTRY NEWS JUN 22, 2009
M&A among insurers will heat up this year, study says

Mergers and acquisitions will heat up this year as insurers sell operations to bolster capital and strategic buyers look for expansion opportunities, according to a new study from Deloitte LLP.

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES JUN 22, 2009
Aviva sells Australian life insurance unit to National Australia Bank

Aviva PLC yesterday sold its Australian life insurance and wealth management businesses to National Australia Bank of Melbourne.

By Bloomberg
NEWS IRA ALERT JUN 21, 2009
IRS shoots down new Roth IRA ploy

When Roth individual retirement accounts were created, it was inevitable that some taxpayers would attempt to exploit their advantageous provisions.

By Ed Slott
NEWS FIXED INCOME JUN 21, 2009
Bond market's rally warrants skepticism

Investors have responded enthusiastically in recent months to government stimulus plans and signs of renewed economic activity, triggering a resounding risk rally.

By G. David MacEwen
NEWS LIFE INSURANCE AND ANNUITIES JUN 21, 2009
Investing money saved on term life might not be slam-dunk once thought

Some financial advisers are rethinking the idea of: Buy term insurance and invest the difference.

By Darla Mercado
NEWS RIAS JUN 21, 2009
Regulatory reforms are positive moves for investors

The Obama administration has put forward an excellent blueprint for regulatory reform. Much of what the administration has proposed will increase transparency, reduce the risk of another financial meltdown and

By MFXFeeder
NEWS LIFE INSURANCE AND ANNUITIES JUN 21, 2009
LTC on the back burner under Obama health plan

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES JUN 21, 2009
Not such a bad gig

“I don't give a damn 'bout my bad reputation!” rock 'n' roll icon Joan Jett sang in 1981.

By Bruce Kelly
NEWS REGULATION AND LEGISLATION JUN 21, 2009
After settlement, firm eyes widow of rogue adviser

A financial planning firm has settled all but one claim related to an embezzlement scheme conducted by a rogue adviser over an eight-year period ending in March 2008.

By Jeff Benjamin
NEWS INDUSTRY NEWS JUN 21, 2009
OppenheimerFunds' tentative deal seen as plus for 529 plans

By Charles Paikert
NEWS RETIREMENT PLANNING JUN 21, 2009
White House leaves advisers up in the air

If you are a commercial banker, savings and loan operator, mortgage broker or hedge fund artist, there is a lot to concern you in the regulatory-reform proposal outlined by the Obama administration last week.

By Jed Horowitz And Sara Hansard
NEWS FINTECH JUN 19, 2009
TraderPlanet.com undergoes redesign

TraderPlanet.com has redesigned its website to improve ease of use and navigation for users who want to keep their trading skills sharp.

By Davis Janowski
NEWS INDUSTRY NEWS JUN 19, 2009
Oil rises to near $72 as investors eye inflation

Analysts worry that government stimulus spending, especially in the U.S., and rising commodity prices could push prices higher by the end of the year.

By Bloomberg
NEWS INDUSTRY NEWS JUN 18, 2009
Total U.S. jobless rolls drop sharply, to nearly 6.7M

The total number of people on the unemployment insurance rolls dropped for the first time since early January while new claims for benefits rose slightly.

By Bloomberg
NEWS INDUSTRY NEWS JUN 18, 2009
Finra fines Raymond James, RBC over stock-loan fees

The Financial Industry Regulatory Authority Inc. announced today that it had fined Raymond James & Associates Inc. of St. Petersburg, Fla., and RBC Capital Markets Corp. of New York, over stock-loan violations.

By Dan Jamieson