Growth on protected value cut back; company cites low interest rates
Genworth Financial Inc.is exiting the variable annuities market.
Bring on the fiduciary standard. In a recent InvestmentNews survey of almost 600 advisers, registered reps, financial planners, insurance agents and others, 69.2% said that they agree with the SEC's staff recommendation that any financial professional giving personalized investment advice be deemed a fiduciary
Russ Koesterich says emerging markets will reemerge as good bets in the second half of the year; pass on India, however
Three independent broker-dealers are suing their respective insurance carriers for failing to cover investors' legal claims, with one charging that its insurer has exposed it to “financial ruin”
In the wake of some highly publicized private-placement offerings that went sour, the regulator's head of enforcement says the SRO aims to crack down on Reg D deals and non-traded REITs.
Bill Gross of Pimco doesn't mince words when it comes to the Federal Reserve's stranglehold on interest rates. According to the bond king's latest report, the Fed's efforts to hold yields at historic lows is 'an abdication of responsibility.'
Soviero tops among managers of diversified U.S. equity funds over the past ten years; big chunk of junk
Moving funds from CDs into checking accounts, money market deposit accounts; poised to get back in the market?
Turkish debt getting hammered; Istanbul market derailed by trouble in Middle East
Lawyers cite risk of information overload; 'confusing' to participants
As part of the Pension Protection Act of 2006, the Labor Department granted plan sponsors a “safe harbor” to enroll participants automatically in a handful of investment products designated as qualified default investment alternatives
Financial advisers are worried that a report saying the Securities and Exchange Commission is investigating how municipal bond funds price risk in their portfolios may cause investors to rush for the exits — just when things were settling down
Withdrawals hit lowest level in two months; $1.2B in outflows in January
The municipal bond market, already under a dark cloud due to rising risk levels, apparently has a pattern of lax financial reporting practices that could further elevate concerns about the market
Ambani blames rumor-mongering rivals for massive sell-off; 'vicious and illegal'
Company says O shares won't have front-end load, making them cheaper than other contracts; will likely discourage exchanges
More detail? Less detail? Groups disagree about the DOL's plan to hike disclosure about the funds
Rule requiring greater disclosure draws fire from retirement plan providers
The Labor Department today proposed a rule aimed at providing 401(k) plan participants more details about target date funds used in retirement plans.
