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John Hancock eyes launching actively managed ETFs
John Hancock Funds LLC will file with the Securities and Exchange Commission in the next few weeks plans to launch actively managed exchange-traded funds, according to an official at the firm.
The adviser’s intellectual
Advisers who grapple with the complexities of retirement income will be getting more help next year from Moshe Milevsky, an associate professor of finance at York University in Toronto and executive director of the Individual Finance and Insurance Decisions Centre.
On a quest for security
The mutual fund industry's Holy Grail is a fund that can provide investors with a guaranteed stream of income without tying up the client's money in an annuity.
Financial services biz adviser Accenture first to cut ties with Tiger
Consulting firm Accenture has ended its association with Tiger Woods on Sunday, marking the first major sponsor to…
Indexed annuities as securities? Not until 2013, says the SEC
Insurers claimed a small victory in the indexed-annuities war, as the SEC said it will delay by two years the effective date of a proposed rule that would make the products securities.
Life insurers seen getting back in black by year-end
Life insurers will be back in the black at the end of the year, reaping an estimated $16 billion in profits, according to new research from Conning Research and Consulting.
Controversial accounting change will boost insurers’ capital reserves
State insurance regulators this week cleared an accounting change that would allow insurance companies to bulk up their…
West Virginia’s Jane Cline tabbed to head NAIC
The National Association of Insurance Commissioners named its 2010 leaders today, with Jane Cline, West Virginia's insurance commissioner, assuming the presidency.
Aim’s Tyler Dann: Why health care sector is rife with opportunity
With Congress advancing its controversial 1,900-page health care reform legislation, Wall Street has pushed health care sector stocks into value territory, according to Tyler Dann, co-manager of the $4.8 billion Aim Charter Fund CHTRX.
Federal insurance office gains in House, but clout limited
The House Financial Services Committee last Wednesday unanimously approved a bill that would create a federal insurance office within the Treasury Department.
SEC, Finra agree more clarity needed in regulation of life settlements
Though Finra and the SEC have spent some time examining the world of life settlements, representatives from these…
ACLI elects MetLife CEO C. Robert Henrikson as its chairman
The American Council of Life Insurers has elected C. Robert Henrikson, chairman and chief executive of MetLife Inc., as its 2010 chairman.
As insurers gain in wealth management race, hurdles remain high
In the long battle to position themselves as wealth managers, life insurance companies still have to prove to financial advisers that they can do more than sell annuities.
Retirement income winners and losers
You wouldn't know it from the way most mutual fund companies and insurers are marketing their products today, but retirement income in all its dimensions is going to be the key driver of the financial and investment business for the next two decades at least.
TARP Czar: AIG bailout isn’t start of larger program
The Treasury Department’s decision to increase its bailout package to AIG, doesn’t signal a larger effort to aid companies outside the banking sector.
CLASS Act still alive in Senate
The debate over health care reform may be getting even more rancorous, but the Senate still aims to keep a provision that would create a government program for long-term care.
SunLife president eyeing acquisitions in the U.S.
Acquiring a life insurance company in the United States is an option that Sun Life Financial Inc. is willing to entertain, Jon Boscia, president of the Canadian financial services firm, said today.
Swiss Re offers $75M catastrophe bond
Swiss Reinsurance Co. Ltd. today introduced a $75 million catastrophe bond, covering extreme mortality risks.
Too-big-to-fail fund will lead to premium hikes, say insurers
Life insurers are concerned that legislation the House Financial Services Committee is likely to approve after Thanksgiving will increase costs substantially for the 28 carriers that have assets of more than $50 billion.
Insurers are leery of proposed federal watchdog but support Federal Insurance Office
Insurers with at least $10 billion in assets would be required to pay into a federal fund to cover the costs of resolving failures at financial services companies under legislation to be taken up next week by the House Financial Services Committee.
