The closed-end fund market begins 2010 on a somewhat muted note, without the customary New Year's bounce.
Nationwide Financial Network, the sales and marketing arm of Nationwide Mutual Insurance Co., has informed the 200 independent financial advisers that clear through its brokerage to find a new broker-dealer by April 30.
Major life carriers' earnings will take just a minor hit from President Obama's proposed Financial Crisis Responsibility Fee, according to a report from securities firm Keefe Bruyette and Woods.
The office of New York insurance superintendent James Wrynn has ordered embattled bond insurer Financial Guaranty Insurance Co. to halt claims payments.
ING Groep NV, one of Europe's largest banking and insurance groups, reduced its losses to €712 million ($980 million) for the fourth quarter on Wednesday, reflecting a mixed operating performance and a big charge related to an earlier bailout.
ProShares today launched eight exchange-traded funds that aim to magnify their benchmark exposures by 300%.
China's economic engine powers on, but some consultants and managers are becoming more cautious about investing in the Asian giant — at least in the short term.
The Labor and Treasury department have put out a request for information on the use of annuities in defined-contribution plans.
OppenheimerFunds Inc. has lost its head of distribution just five months after he joined the firm.
After a long hibernation, the lords of leveraged buyouts are up and about.
A recent lawsuit concerning a failed investment in a life settlement has exposed a new area of regulatory uncertainty and potential liability for registered representatives and their firms.
Amid growing scrutiny of life settlements securitization, the Securities and Exchange Commission has created a task force to examine financial products, according to The Wall Street Journal.
Buzz is building among financial firms about arranging life settlement securitizations, but experts question the structured products' viability as an investment amid a lengthy list of risks and a limited track record of successful transactions.
MetLife Inc. on Monday projected fourth-quarter and 2010 operating earnings mostly above analyst estimates.
When Rodger Lawson officially steps down as president of Fidelity Investments at the end of March, some industry experts predict the company may not act to fill the position immediately.
</i>Below is a copy of the letter Fidelity president Rodger Lawson sent to employees yesterday announcing that he will retire at the end of the first quarter</i>
The life settlements and life insurance industries are criticizing President Barack Obama's 2011 budget proposal, which includes provisions that would require additional reporting to the IRS for life settlements and would impose taxes on corporate-owned life insurance.
