Move comes at a time when industry is struggling from new regulations.
Plus: The logic behind negative bond yields, Deutsche Bank and Commerzbank almost became one, and the odds are getting worse for Colin Kaepernick
One attorney called the lawsuit an "attack" on the investment-management structure within variable annuities.
Plus: Saving society through active management, hedge fund investors head for the hills, and eating healthier food that actually tastes like food
Intermediate-term bonds took in $15 billion last month — the largest inflow of any Morningstar category.
Plus: The Fed goes after Goldman, shorting Deutsche Bank, and apps to make you more financially savvy
Even coal, which has seen hundreds of mines close worldwide, is riding the commodity rally.
High demand, stock market valuations, stingy bond yields and unorthodox monetary policy may be stoking the rally, which seems to have legs.
Allianz, Voya, Symetra and Lincoln Financial are forging ahead into virtually uncharted waters for product development.
Mainstream media is educating clients, prospects, advisers and centers of influence about the undesirable consequences of an unmanaged life insurance policy.
But policy buyers on Healthcare.gov may be out of luck.
Men still overwhelmingly dominate investment management, but women have made inroads, especially in money market funds.
The agency is particularly interested in conflicts of interest where the adviser is also a broker-dealer or affiliated with a broker-dealer that gets fees from sales of particular share classes.
Complex tracking basket that would be published daily a key component of the product.
Thanks to the Fed, outlook stays positive for stocks
The stockpicker reached a deal to buy out Legg Mason's stake in the entity housing his funds, which he'll continue to run.
