Insurer looks to roll back payout, withdrawal percentages on Highest Daily Lifetime 6 Plus product; puny interest rates to blame?
With fund firms launching a seemingly endless parade of exchange-traded funds, a dark side to this glut of offerings is emerging: Portfolio liquidations, once rare, are becoming more common
Research firm aims to barge into the ratings biz for exchange-traded funds; rival doing some revising as well
The combined market value of U.S. exchange-traded funds surpassed $1 trillion for the first time in 2010, while ETFs investing in emerging markets and bonds receiving the most new money, Birinyi Associates Inc. said.
Flight to safety lifts greenback against most counterparts as Egyptian president resigns
Flows into Van Eck could be due to some shorting, though other investors may sense potential buying opportunity; country 'too big to fail'
Inflows into firm's low-fee fund have surged; 'pricing war going on'
MetLife Inc.'s announcement last week that it will stop writing new long-term-care insurance shocked advisers, raising fears that rates will rise for existing blocks of business and that other carriers will exit the industry.
State insurance regulators are not likely to approve John Hancock's recently announced long-term-care rate hikes, denting third-quarter profits for the insurer's parent company, Manulife Financial Corp., according to analysts.
Average premium for existing policyholders could go up by 40%; 'lot of explaining' to do
The costs of long-term-care continue to rise, although at a slower pace than before the economic slowdown as nursing homes and home health care providers reduce charges.
The Vanguard Group Inc. has edged out BlackRock Inc.'s iShares as advisers' most trusted exchange-traded fund provider, according to a survey released by Cogent Research.
Settlement provider lowers advertised rate of return from 12% to 7%; litigation ahead?
Risk of defaults on tax-free bonds overblown, says bank's head of fixed-income group
A machinery manufacturer last week sued New York Life Insurance Co., claiming it had lost money in variable universal life policies that were invested in funds linked to the Madoff scandal. Experts say similar suits are likely to follow.
From Black Friday door-buster specials on flat-panel TVs to stocking stuffers like MP3 players and e-book readers, shopping for electronics has become as synonymous with the holiday shopping season as decorating Christmas trees
Brokerage plans to charge fund firms by assets on its platform -- not accounts.
AllianceBernstein, OppenheimerFunds occupy bottom rung in latest ratings; Fidelity slips.
Expanded definition of 'fiduciary' likely to hamstring funds that work with plan sponsors and participants.
New York Life Insurance Co. has kicked off a program that will allow agents to meet the tougher fiduciary requirements set by the Labor Department
