The Hartford is reining in investment options for some variable annuities, leaving advisers scrambling to find their clients who have them. That's raising worries about the amount of work — and potential liability — they may face.
With Mary Jo White at the helm, the SEC will try again at reforming money market funds. The new chairman is keeping her cards close to her chest but the industry is hopeful she'll play a good hand.
Loomis Sayles vice chairman is feeling optimistic
Early reports suggest that The Hartford's buyback terms for some of its legacy VAs are extremely generous. How generous? Some clients can cash out early at full value.
But CEO says regulators need to understand the business better.
The Financial Stability Oversight Council has classified both AIG and Prudential as 'too-big-too-fail.' That's too bad for customers. Here's why.
Not a ton of excitement but advisers intrigued by newfangled approach.
Default extremely unlikely on debt backed by ticket purchases; 'really an asset-backed security'
A long-term view and reinvestment are key, according to Loomis Sayles' vice chairman.
The SEC under Mary Jo White floats one small step in money market fund reform with a proposal that would make only institutional prime funds float NAVs. It's a good deal for the likes of Vanguard, Schwab.
Goldman and BlackRock to begin publishing daily net asset value of funds; 'a whole lot of nines and zeros'
If designation holds, firms will be subject to Fed oversight, stricter control
They don't get much of a benefit unless short-term rates rise, Schwab strategist says
Betting on industries that gain from a pick-up in construction; from regional banks to picks and axes
