The Department of Labor and the Treasury Department have put out a request for information on the use of annuities in defined-contribution plans.
American International Group Inc. asked a federal judge to dismiss a case brought against it by a Canadian real estate investment firm concerning a swap deal initiated in 1990.
The market may have rallied over the past several weeks, but Bill Gross is sticking to his opinion that investors will never again see the returns and profits of a few years ago.
Exchange-traded funds potentially make it easier for financial advisers to build a well-diversified portfolio that limits volatility by spreading risk. But the proliferation of more exotic ETFs — particularly leveraged and inverse ETFs — could blunt their diversification potential.
American International Group Inc. on Tuesday said it will go ahead with a previously announced pay package for its new CEO Robert Benmosche of $7 million in cash and stock.
More financial advisers are now using exchange-traded funds than ever, but these investments still have a long way to go before they'll occupy a significant chunk of clients' portfolios.
Caterpillar Inc.'s announcement that it has reached a tentative settlement over the fees it charged its 401(k) plan participants may be bad news for plan sponsors, their advisers and mutual fund companies.
Morgan Stanley executives plan to sell the Van Kampen mutual fund business and Invesco Ltd. has emerged as the leading bidder among those invited to look at the unit, according to market sources who declined to be identified.
Life insurance agents' advocacy groups teamed up this month to ask Senate Banking Committee Chairman Christopher Dodd, D-Conn., to reconsider a legislative provision that would require life agents to become registered investment advisers.
The special master for executive compensation under the Troubled Asset Relief Program told a congressional panel last Wednesday that he does not believe American International Group Inc. will repay all the money it has received from the federal government.
The executive in charge of distributing Janus Capital Group's mutual funds through financial intermediaries and international channels is stepping down Oct. 31.
Fitch Ratings on Monday raised its outlook on Prudential Financial Inc., citing improvements to the insurance and investment company's capital position.
Hedge fund operator Raj Rajaratnam and a codefendant pleaded not guilty Monday to charges they were major players in a scheme that used inside information to make stock trades that generated millions of dollars in profits.
Higher-quality high-yield corporate bonds are getting more attractive on a fundamental basis, according to Sabur Moini, manager of the $695 million Payden High Income Fund.
Federal prosecutors say criminal charges have been filed against 14 people, including attorneys and Wall Street professionals, in a widening $25 million insider trading case.
Lord Abbett & Co. is offering discounts to clients who open an individual retirement account by April 15.
A new regulation that would have placed more responsibility on life insurers for producers' bad annuity sales has been delayed.
FundQuest has added Fidelity Investments Life Insurance Co.'s Personal Retirement Annuity to its platform, marking the first time that the Fidelity variable annuity will be available to fee-based advisers through a managed-account provider.
The broker-dealer channel is in the cross hairs of Sun Life Financial Inc. as the company aims to bolster its ranks of variable-annuity wholesalers and reach out to broker-dealers as a new channel for life insurance sales.
Third quarter indexed annuity sales were up 11.3% from a year ago, but down from record sales levels in the second quarter of 2009.
