NYLI names SVP and head actuary

New York Life Insurance Co. has promoted Gary Scofield to senior vice president and chief actuary.
JUL 10, 2007
New York Life Insurance Co. has promoted Gary Scofield to senior vice president and chief actuary. Mr. Scofield is responsible for the Office of the Chief Actuary, overseeing company-wide actuarial activities including certifying company reserves, establishing appropriate capital requirements and overseeing business unit product pricing. He will report to executive vice president and chief financial officer Michael Sproule. Prior to joining the Office of the Chief Actuary last year, Mr. Scofield was vice president and actuary in the Individual Life Department where he served as the head pricing actuary. Mr. Scofield had been an actuary with New York Life from 1997 to 1998.

Latest News

Why retirement planning demands more today than it used to
Why retirement planning demands more today than it used to

Todd Bryant of Signature Wealth Partners on vanishing pensions, SECURE Act 2.0, and what clients really want to know.

Merrill lands four advisor teams as May recruiting data shows firm's two-way churn
Merrill lands four advisor teams as May recruiting data shows firm's two-way churn

Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.

Fund manager sues Kandeo, alleges $100 million FinSocial loss
Fund manager sues Kandeo, alleges $100 million FinSocial loss

The $36 million buy allegedly hid inflated books and a $50 million diversion.

Advisor gets $200,000 from Ameriprise in 'emotional distress' lawsuit
Advisor gets $200,000 from Ameriprise in 'emotional distress' lawsuit

“An award citing emotional distress is very unusual,” an industry executive said.

Workplace financial education linked to stronger financial habits, but participation remains low
Workplace financial education linked to stronger financial habits, but participation remains low

New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income