The life insurer unveiled more on its plans for the structured-product annuity in a regulatory filing this week.
Though many clients will see fees rise for protection riders, some will experience a decrease.
“Assets at the firm have dropped to levels that can no longer sustain the business,” Robert Savage, the chief strategist at FX Concepts, said in an e-mailed statement.
Investor confidence holding up OK, but perhaps not for long.
Nuveen strategist: Looming issues could mean bumpy ride for investors
Non-alt offering hedges exposure to stock portfolio using futures contracts
A former star Wedbush Securities broker wins a $4.2 million award against the firm in a case over pre-crisis sales of risky CMOs. It's the second big case the firm has lost in as many years. Bruce Kelly has the story.
A Federal Reserve economist has developed an index to measure the true cost of political dysfunction in Washington. The toll so far: 1.75 million jobs, 2% cut in economic output.
Plan for potential costs in separate pool of money — and stay healthy.
No panic as many see last-minute deal getting done.
Industry gadfly to continue writing on his blog.
A former regional Fed chairman weighs in on the impact of the Yellen nomination and looks beyond to the changing face of the central bank.
Revenue that firms generate and income that advisers earn are both on the rise as the industry reaches a “critical mass” that will facilitate more growth.
In some cases, spousal benefits available without a marriage certificate
Business model expands to attract advisory firms that want to keep more control.
Economic uncertainty, fragile investment markets kept RIA M&A to a minimum in the first quarter.
Investor confidence holds up, but perhaps not for long as tug of war in Washington continues
Experts break down the choices available to investors hit by government shutdown
