Analysts concerned about Security Benefit Life Insurance Co.'s investments in subprime-mortgage-backed securities have cut the firm's financial ratings and are keeping a careful eye on the Topeka, Kan., carrier.
Bank holding company income from mutual funds and annuities rose more than 27% to $5.92 billion in the first quarter.
Ted Mathas' promotion makes him the New York-based company’s 18th CEO in its 163-year history.
"The cushion provided by well-covered dividend yields has taken on increased importance," a JPMorgan analyst wrote.
The model aims to create an industry standard to streamline the process of selling VA contracts and simplify compliance.
Hypothetical returns utilized by a host of new exchange traded funds are reigniting a debate about the use of back-tested performance data.
The combined total launches last year of exchange traded funds, variable annuities and closed-end funds surpassed open-end mutual fund launches for the first time, according to Boston-based research firm Cerulli Associates Inc.
Faced with an increasingly global market in which the United States plays a diminished role, asset management companies must rethink how they approach investing.
Fred Alger Management Inc. of New York is consolidating all of the open-end mutual funds under the Alger brand.
LMP Corporate Loan Fund Inc., a closed-end fund from Legg Mason Inc., today announced plans to “restructure” the fund’s leverage and add liquidity.
Boomers, already strapped for cash, stand to lose even more money by caring for their parents, according to Fidelity Investments in Boston.
Two top stock-pickers are steering clear of financial service company stocks.
Nearly half of pre-retirees believe they can withdraw 10% annually from their retirement savings, according to MetLife’s Mature Market Institute survey.
Fidelity expects the emerging markets of Brazil, Russia, India and China to generate long-term growth.
A.M. Best Co. today downgraded Security Benefit Life Insurance Co.’s financial strength rating to A- from A.
Barclays PLC plans to raise $8.9 billion through the issuance of new shares as part of an effort to shore up its balance sheet.
Sun Life Financial Inc.’s U.S. division in Wellesley, Mass., today introduced Retirement Blueprint, which helps advisers expand their role with their clients.
Women want to learn about preparing for retirement, but advisers who want to attract that market need to adapt their practices.
Equity index annuities could be regulated as securities if a proposal approved 3-0 today by the Securities and Exchange Commission is finalized.
