Industry News

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NEWS INDUSTRY NEWS JAN 16, 2008
Consumer prices inched up in December

U.S. consumer prices rose 0.3% in December of 2007, followoing an 0.8% bump in November, the largest of 2007.

By Bloomberg
NEWS INDUSTRY NEWS JAN 15, 2008
December retail and producer prices fall

Producer prices were up 6.3% in 2007, the largest full-calendar-year rise since 7.1% in 1981.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JAN 15, 2008
Jackson National and Curian name CFO

Doug Townsend has been the vice president and controller of both entities since January 2004.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JAN 14, 2008
Interstate insurance group names regulators

The Interstate Insurance Product Regulation Commission today added two new regulators.

By Bloomberg
NEWS INDUSTRY NEWS JAN 14, 2008
Some advisers are buying stocks despite rockiness of the market

Many financial advisers are in a mood to buy stocks despite the drubbing their portfolios have taken in the first few trading sessions of 2008.

By Bloomberg
NEWS BROKER DEALERS JAN 14, 2008
Ameriprise loses top producer to LPL

Ameriprise Financial Inc. has experienced the defection of another top representative, this time a leading producer in its franchisee group, to LPL Financial.

By Bloomberg
NEWS INDUSTRY NEWS JAN 14, 2008
With contracts inked for N.J., Iowa, 529 industry now eyes Michigan

Two of the Section 529 college savings plan industry's most sought-after contracts up for renewal this year have been taken off the table, leaving Michigan as the biggest prize for ambitious program managers in 2008.

By Bloomberg
NEWS INDUSTRY NEWS JAN 11, 2008
Survey: More experts fear recession

Economists polled by The Wall Street Journal put the chance of recession at 42%, up from 23% just six months ago.

By Bloomberg
NEWS INDUSTRY NEWS JAN 11, 2008
Confidence at all-time low, says survey

The RBC CASH Index, which has gauged consumer confidence since 2002, hit a new low this month.

By Bloomberg
NEWS INDUSTRY NEWS JAN 11, 2008
Rising oil prices fuel U.S. trade gap

The U.S. trade deficit grew to $63.1 billion in November 2007, an increase of 9.3% over October.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JAN 11, 2008
Hartford chooses fixed-income leader

As managing director and head of fixed income trading, Bill Parry will oversee all fixed income traders.

By Bloomberg
NEWS INDUSTRY NEWS JAN 10, 2008
Wholesale sales rise in November

Wholesalers posted a 2.2% increase in sales in November, marking the largest gain in over two years.

By Bloomberg
NEWS INDUSTRY NEWS JAN 10, 2008
Europe, U.K. keep rates steady

Amid signs of inflation, European Central Bank today left its key interest rate unchanged at 4.0%.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JAN 10, 2008
NAIC found 'unbiased' on viatical model

The model act covers the secondary market for life insurance, including disclosures for viatical settlements brokers.

By Bloomberg
NEWS INDUSTRY NEWS JAN 10, 2008
Fidelity Charitable chief leaves for Natixis

Natixis Global Asset Management LP of Boston announced today that David Giunta has been named president and chief executive of Natixis Global Associates.

By Bloomberg
NEWS INDUSTRY NEWS JAN 10, 2008
Bernanke raring to forestall recession

Further rate cuts will be needed to "support growth and to provide adequate insurance against downside risks," he said.

By Bloomberg
NEWS INDUSTRY NEWS JAN 09, 2008
Ameriprise loses top producer to LPL

Charles Zhang, consistently Ameriprise's No. 1 producer this decade, left Jan. 2 to join LPL.

By Bloomberg
NEWS INDUSTRY NEWS JAN 09, 2008
Two hot 529 contracts off the table

New Jersey and Iowa 529 college savings plan contracts, up for renewal this year, are now out of play.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JAN 09, 2008
Regulators eyeing MBIA

MBIA Inc. said that the SEC and the New York Insurance Department have started informal inquiries into a deal that the company made with private-equity firm Warburg Pincus LLC.

By Bloomberg
NEWS INDUSTRY NEWS JAN 08, 2008
NPH names new chief financial officer

Maura Collins is CFO and Vanessa Rodriguez has been promoted to vice president and controller.

By Bloomberg