Axa also failed to use product comparisons that lower the surrender and death benefit value by the investment fund charges when considering hypothetical rates of return.
The recent turbulence in global stock markets prompted just a small portion of mutual fund investors to pull out of stocks in May, according to research firm Strategic Insight.
Management isn't convinced it needs the marketing fees to attract assets; 'bang for the buck'?
Important metrics of economic activity are slowing rapidly.
As regulators and stock exchanges try to figure out what caused the 1,000-point stock market drop May 6, exchange-traded-fund providers are doing damage control.
As regulators and stock exchange officials discuss putting rules in place to make sure that the market volatility of May 6 never happens again, exchange-traded-fund providers are making sure considerations are made for their offerings
What are the key distinctions in choosing individual bonds or bond funds for fixed income allocations?
The Department of the Treasury and the Department of Labor will soon be taking steps to make it easier for companies to offer “automatic annuities” in 401(k) plans, Treasury senior adviser Mark Iwry said today.
Some top retirement gurus are in the process of developing proposals that could make annuity products a crucial part of millions of Americans' retirement plans.
Investors in three of Fidelity Investments' mutual funds have the most to lose in the wake of the resignation of Hewlett-Packard Co. chief executive Mark Hurd, though analysts said that they think that the stock is a better buy now as a result of the scandal.
New York Life Insurance Co. said today that John Kim, president and chief executive of the company's investment management arm, will become chief investment officer at the end of the year.
In a move into the retirement income market, Barclays Bank PLC on Sept. 1 will launch two structured-note products designed to provide income over 15- to 30-year time spans.
Morningstar Inc. has introduced three mutual fund categories to make it easier for investors and financial advisers to do specific searches and more accurate peer comparisons.
Western National Life Insurance Co., jumped back into the indexed-annuity market last week after more than 18 months on the sidelines.
The resignation of AIG chairman Harvey Golub may have come abruptly on Wednesday evening -- but it came as no big surprise.
The controversial CEO is set to become the insurer's longest-serving chief executive officer since the company's near-collapse in 2008
Legg Mason Inc. fell as much as 3.6 percent in New York trading after reporting that fund withdrawals more than doubled from the prior quarter.
Bank holding companies' income from annuity sales plummeted in the first quarter, as the annuities lost their appeal during the stock market recovery.
Worried that new suitability rules for annuities will lead to conflicts between insurers and broker-dealers, an annuity advocacy organization has formed a working group of both parties to work out a solution.
