Reports began circulating on Aug. 27 that Manulife — John Hancock Financial Services Inc.'s parent company — was gearing up to buy Lincoln National Corp.
Lion's share of states see gains in overall collections; Harrisburg, Pa. default called 'an anomaly'
For the forseeable future there will be no easy way to build a retirement nest egg, meaning investment advisers and their clients will have to work harder and use a wider range of tools to accomplish the task.
Assets in Global Macro Absolute Return Fund grew by more than 600% this year
Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy.
The Hartford Financial Services Group Inc. is disbanding its distribution arm, Hartford Life Distributors, and decentralizing its wholesalers to four recently established business units.
Financial advisers' loyalty to American Funds appears to be waning, as the firm saw the largest outflows of any fund company for the first half of this year.
BlackRock Inc.'s iShares MSCI Emerging Markets Index Fund Ticker:(EEM) had net inflows of $1.7 billion in June, compared with $787.7 million for Vanguard's Emerging Markets ETF Ticker:(VWO).
Suit filed by shareholder over statements made in firm's fund prospectuses could cause 'flood tide of additional securities litigation,' critics claim
Pacific Investment Management Co. LLC and TCW Group Inc. are investing in bonds guaranteed by aircraft as U.S. airlines hold back from adding seats to protect profitability, preserving the value of their planes.
After her mother died, Jasmine Williams was assured by MetLife Inc. that her $101,819 in life insurance benefits were safe and was sent what the company called a guaranteed money market “checkbook” in 2002.
Eric Mindich's $13 billion Eton Park Capital Management LP led hedge funds in raising gold investments last quarter, joining billionaire John Paulson's bet that bullion will increase amid inflation concerns.
The tax impact on carriers will encompass about 1% to 2% of their total earnings, assuming an annual tax of about 4 basis points.
Stock market volatility has caused some advisers to shy away from the sexiest life insurance policies — variable universal life and variable life — and to steer clients to a tamer cousin, universal life.
AllianceBernstein LP, Franklin Templeton Investments and Waddell & Reed Financial Inc. are the three publicly traded mutual fund companies with the most at stake pending the Securities and Exchange Commission's 12(b)-1 reform.
Target date funds run by MFS Investment Management, Putnam Investments and other big mutual fund companies exhibit higher-than-average turnover, raising concerns over whether investors, or their advisers, are aware of the funds' composition.
In a bid to grab a bigger slice of the highly competitive retirement plan market, John Hancock last week became the first provider to offer 401(k) participants a choice between target date funds that are constructed to take investors “to retirement” or “through retirement.”
Management at Northwestern Mutual Life Insurance Co. has decided that Russell Investments is not a core asset and is seriously considering putting the $140 billion asset manager up for sale, according to a number of investment bankers and industry observers.
