Kentucky state rep – and head of national group of legislators – introduces bill that would preserve right to resell benefits
John Hancock Funds LLC has filed papers with the Securities and Exchange Commission to launch a new suite of target date funds that are specifically designed for investors up until the point they retire, a company official said today.
Municipal bonds are an ideal alternative to low-yielding cash allocations and could be the perfect place to invest in an environment of rising taxes, according to Thomas Dalpiaz, a portfolio manager at Advisors Asset Management Inc.
Nationwide Life Insurance Co. has reached a $2.1 million settlement with five state insurance regulators over nine-year-old claims involving allegedly unsuitable variable annuity sales. The five states are California, Kansas, Minnesota, Missouri and Wisconsin.
Roger W. Crandall was named CEO of Massachusetts Mutual Life Insurance, effective Jan. 1, confirmed MassMutual spokesman Mark Cybulski.
MassMutual on Wednesday announced that its field force has grown to more than 5,000 representatives, a record level for the 158-year-old insurer.
Massachusetts Mutual Life Insurance Co. has taken alleged Ponzi schemer Scott Rothstein to court in an attempt to rescind a $15 million life insurance policy.
International money managers drawn to dividends have been gobbling up shares of U.S.-based companies over the past year, according to Moudy El-Khodr, co-manager of the ING Global Equity Dividend Fund Ticker:(IAGEX).
Despite the market's lukewarm reception to John Hancock's slimmed-down variable annuity, other insurers continue to introduce competing products aimed at financial advisers who have usually sidestepped such VAs.
ING plans to replace its traditional variable annuity offering with a simplified VA product that comes with a scaled-back commission.
InvestmentNews today announced the winners of its inaugural Adviser's Choice Awards, which honor financial advisers' top picks for the most outstanding companies and portfolio managers in the mutual fund industry.
Guggenheim Partners LLC, an investment firm founded by the famous family for which it is named, said last week that it is acquiring Security Benefit Corp. — and with it Rydex SGI.
John Hancock Funds LLC today launched an international fixed-income fund to enable investors to hedge against rising interest rates.
The humble variable annuity is gaining in popularity
The Investment Company Institute has slammed assertions kaChing Group Inc. made regarding mutual fund fees, continuing an online sparring match between the two.
Venture capital today is survival of the pluckiest.
For most investors, not having access to their money is a drawback.
Fearing a backlash from investors who are still piling into bond funds, mutual fund companies are rolling out sales and marketing campaigns to encourage investors to shift assets into other products.
Their name is an oxymoron, but high-quality junk bonds themselves make a lot of sense in the fixed-income space right now.
