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NEWS INDUSTRY NEWS FEB 24, 2009
Tuesday morning financial headlines

By Bloomberg
NEWS INDUSTRY NEWS FEB 24, 2009
World markets lower Tuesday

By Bloomberg
NEWS INDUSTRY NEWS FEB 24, 2009
Fed sees low inflation through 2011

The Fed has forecasted an inflation rate of less than 1% this year and less than 1.7% for 2010 and 2011.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES FEB 24, 2009
Regulators anticipate new rules for insurers

By Bloomberg
NEWS RETIREMENT PLANNING FEB 24, 2009
Today’s worst funds will be tomorrow’s best, analyst says

When combing through new investment ideas, advisers would be wise not to ignore mutual funds and separate-account strategies at the bottom of the heap.

By Bloomberg
NEWS WIREHOUSES FEB 24, 2009
Smith Barney seeks restraining orders against four ex-reps

Smith Barney, facing a rising number of broker departures from its branches, this month hit four ex-reps and a rival broker-dealer with a lawsuit.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES FEB 24, 2009
Ratings downgrades coming for insurers: Fitch

Hard times are on the horizon for insurers as commercial mortgage exposure haunts carriers and capital levels shrink, according to Fitch.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES FEB 24, 2009
MetLife, Axa bid for AIG’s life unit

Insurers have begun bidding for American Life Insurance Co., the life insurance unit of American International Group Inc.

By Bloomberg
NEWS ALTERNATIVES FEB 24, 2009
Home prices plunge 18% in 4Q

Prices of existing single-family homes tumbled 18.2% on average in the fourth quarter of 2008, marking the biggest year-over-year price decline in 21 years

By Bloomberg
NEWS INDUSTRY NEWS FEB 24, 2009
Consumer confidence sinks to new low in Feb.

Americans' already battered confidence in the economy went into free fall in February, sinking to new lows.

By Bloomberg
NEWS RETIREMENT PLANNING FEB 23, 2009
Fewer Americans saving for retirement, survey says

A declining percentage of Americans believe they are saving enough for retirement, according to a survey released today by the Consumer Federation of America.

By Bloomberg
NEWS RETIREMENT PLANNING FEB 23, 2009
Richest 401(k) participants hit hardest

While all 401(k) investors have sustained significant losses in the last year, no one has suffered more than the wealthiest 401(k) participants.

By Bloomberg
NEWS RIAS FEB 23, 2009
FPA to help advisers choose best technology program

As market volatility persists, the Financial Planning Association has created a research program that is aimed to help advisers choose the best technology.

By Bloomberg
NEWS FIXED INCOME FEB 23, 2009
Janus’ rating falls to junk status

Janus Capital Group Inc. of Denver saw its ratings drop a notch to junk status today courtesy of Standard & Poor’s of New York.

By Bloomberg
NEWS REGULATION AND LEGISLATION FEB 23, 2009
Obama to tap ex-Secret Service agent to oversee stimulus plan

A former Secret Service agent is expected to be named chairman of the organization overseeing the federal-economic-stimulus-plan spending.

By Bloomberg
NEWS RETIREMENT PLANNING FEB 23, 2009
Presenting retirement services to targeted companies

The challenge: Because of the increase in corporate layoffs, retirement plan rollovers are becoming bigger than ever.

By Bloomberg
NEWS INDUSTRY NEWS FEB 23, 2009
Economists project a chilly 2009

The country stands to lose a sizable chunk of economic activity in 2009 as consumers at home and abroad retrench in the face of persistent economic troubles.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES FEB 22, 2009
Low rates, market volatility increase VA costs

Investors' concerns about negative market returns are likely to create a greater demand for guaranteed products such as variable annuities, but the downturn in the markets has changed the insurers' cost of managing the hedging risk of VAs.

By Bloomberg
NEWS INDUSTRY NEWS FEB 22, 2009
Younger investors spend less, invest conservatively

Much as the Great Depression spawned an entire generation of skeptical and conservative investors, the current financial crisis could have a similar effect on the financial tendencies of today's "Millennial" generation.

By Bloomberg
NEWS WIREHOUSES FEB 22, 2009
Morgan-Citi favors 'awards' over bonuses

In a nod to today's touchy political environment regarding executive compensation, financial advisers at the firm born out of a joint venture between Morgan Stanley and Smith Barney will not receive retention bonuses.

By Bloomberg