Industry News

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NEWS LIFE INSURANCE AND ANNUITIES JAN 08, 2008
MassMutual CEO to helm retirement

She will replace Fred Castellani, who will retire at the end of February, ending a 12-year career with the firm.

By Bloomberg
NEWS RIAS JAN 08, 2008
Doherty to lead PMFM RIA firm

Judson P. Doherty will be responsible for the delivery of PMFM’s 401k Toolbox service.

By Bloomberg
NEWS INDUSTRY NEWS JAN 08, 2008
Philly Fed boss sees tough times ahead

Charles Plosser expects the economy to experience "several quarters of sluggish growth in 2008 ..."

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JAN 08, 2008
Fixed-income issuance to fall to $3.4 trillion

That’s a 15% decrease from the estimated $4.0 trillion issued last year, according to a SIFMA forecast.

By Bloomberg
NEWS INDUSTRY NEWS JAN 07, 2008
Recession has arrived, say analysts

The U.S. economy is in a recession, Merrill Lynch and Morgan Stanley economists wrote in research notes today.

By Bloomberg
NEWS INDUSTRY NEWS JAN 07, 2008
BNY Mellon Asset makes move in emerging markets

Scores of executives talk about globalization, but lately Ronald O'Hanley seems to be living it.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JAN 07, 2008
Advisers ponder whether to sell annuities

Now that annuities are becoming accepted as part of an overall retirement income program, fee-only planners are wondering whether they should sell the products themselves or refer sales to outside agents.

By Bloomberg
People
NEWS INDUSTRY NEWS JAN 07, 2008
People

Curian Capital LLC, a Denver-based provider of separately managed account platforms, has promoted Greg Verfaillie to senior vice president and national sales manager.

By MFXFeeder
NEWS INDUSTRY NEWS JAN 07, 2008
Grandparents investing billions for grandkids

Today's grandparents are spending about $50 billion a year on their grandchildren — with about $25 billion of that going toward investments, a recent survey has found.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JAN 07, 2008
Great American charged by Mass. AG

Great American Insurance is accused of submitting a false insurance premium quote.

By Bloomberg
NEWS RETIREMENT PLANNING JAN 07, 2008
Liebrock jumps from Fidelity to Captrust

Dave Liebrock will be an adviser at Captrust, working mostly with plan sponsors in the mid-market 401(k) space.

By Bloomberg
NEWS INDUSTRY NEWS JAN 07, 2008
Middle East petrodollars attract firms

Western money managers are pouring into the Middle East in hopes of luring its fast-growing pools of petrodollars.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JAN 04, 2008
Bank sales of annuities up in October

Fixed and variable annuity sales at banks rose to $4.2 billion in October, a 14% gain.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JAN 04, 2008
Hartford selects global wealth VP

Peter Smyth is now senior vice president and director of strategy, development and operations for international wealth management.

By Bloomberg
NEWS INDUSTRY NEWS JAN 04, 2008
Unemployment claims climb to 5%

Growth in U.S. payrolls slowed to a trickle and the unemployment rate increased significantly in December.

By Bloomberg
NEWS INDUSTRY NEWS JAN 03, 2008
Private sector adds 40,000 jobs

But financial-services firms trimmed 5,000, marking the third decline in the last five months.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JAN 03, 2008
FINRA wants delay in VA-sale rule

After an outcry from member B-D firms, FINRA proposed pushing back a section of the rule to Aug. 4.

By Bloomberg
NEWS INDUSTRY NEWS JAN 03, 2008
SEC report sheds light on B-D rule

Many investors found disclosures that advisers and B-D firms are required to provide are "problematic.”

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JAN 03, 2008
Jackson adds VIP and S&P funds

Jackson National Life Insurance Co. today added a pair of new portfolios to its retail mutual fund lineup.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES JAN 03, 2008
NAIC announces 2008 execs, salaries

Catherine J. Weatherford, executive vice president and chief executive officer, will earn $370,000.

By Bloomberg