One of American International Group Inc.’s units is considering splitting from the insurer, The Wall Street Journal reported.
Advisers may see increasing numbers of mutual fund products that include alternative-investment strategies.
Oklahoma and Connecticut have passed bills to discourage stranger-originated life insurance practices.
AIG reported a net loss of $7.81 billion, or $3.09 per diluted share, for the first quarter of the year.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Hedge funds gained ground in April, rebounding from a rough March, according to industry indicators.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Banks that sold insurance were more profitable than those that didn’t in 2007, according to Bank Insurance Market Research.
The mutual fund will hold between 100 and 200 securities and track the MSCI EAFE index.
Target date mutual funds, long criticized for being too conservative to meet their goals, are now being taken to task for taking on too much risk.
The mutual fund industry is facing waves of baby boomers who will retire and a volatile market that has scared many investors, but nothing has the potential to affect the industry more than a Securities and Exchange Commission review under way of Rule 12(b)-1.
In a move clearly aimed at luring breakaway brokers, Fidelity Investments is about to take the wraps off a program intended for brokers who are dually registered as investment advisers.
One culprit driving volatility is the “significant increase in the number and impact of 130/30 funds,” according to the Security Traders Association.
Plus Money and its principal allegedly raised $30 million from approximately 300 investors.
As hurricane season approaches, financial advisers continue to look warily upon catastrophe bonds
Sun Life Financial Inc. of Toronto today released a new rider, the Retirement Income Escalator.
With some 90 million investors and more than 44% of American households owning mutual funds, the fund industry has continued to grow significantly in spite of weathering more than a few storms in the last decade.
Staff members at the SEC will recommend that 12(b)-1 fees be broken into at least two parts.
The Fair Fund distribution concludes the saga that began when the insurer was accused of falsifying financial statements.
The Hartford Financial Services Group announced changes to its flagship variable annuity and its sales force.
