Insurer looks to roll back payout, withdrawal percentages on Highest Daily Lifetime 6 Plus product; puny interest rates to blame?
Wells Fargo & Co.'s head of brokerage operations said banks may reduce the number of investment products offered to customers if regulators impose a fiduciary standard on brokers.
Despite end of secret bank accounts, Swiss banking giant starting to attract more money from rich clients; profit margins still 'fairly poor'
Late Friday night, the SEC released it's report on the fiduciary standard. In it, the commission backed adoption of a single standard of care for both broker-dealers and advisers. Now, industry groups are taking dead aim at the proposal. <a href=http://www.investmentnews.com/article/20110116/REG/301169998>(What's the <i>IN</i> stance?)</a>
With the deadline approaching for the SEC to deliver a much-anticipated report about the regulation of financial advisers, the fight over establishing a universal standard of care is heating up
The ongoing political unrest in Egypt created a brief investment opportunity in neighboring Israel, where the stock market on Sunday experienced its biggest drop in nearly two years.
All of a sudden, gold seems to be losing its luster. With prices now at a five-week low, mining companies are starting to unload their inventory. Meanwhile, a growing number of analysts say the sell-off may continue.
ETFs for the precious metal now hold nine years' worth of U.S. supply; Soros, Paulson piling in, too
MetLife Inc.'s announcement last week that it will stop writing new long-term-care insurance shocked advisers, raising fears that rates will rise for existing blocks of business and that other carriers will exit the industry.
State insurance regulators are not likely to approve John Hancock's recently announced long-term-care rate hikes, denting third-quarter profits for the insurer's parent company, Manulife Financial Corp., according to analysts.
Average premium for existing policyholders could go up by 40%; 'lot of explaining' to do
The costs of long-term-care continue to rise, although at a slower pace than before the economic slowdown as nursing homes and home health care providers reduce charges.
Bank-loan funds attracted a record $5.2B in January, as investors sought protection from a rise in interest rates
As politicians, executives and financiers networked at parties and panels recently in Davos, Switzerland, Barrie Wilkinson was in a nearby hotel, warning that a financial catastrophe may be looming in 2015
The final report from the Financial Crisis Inquiry Commission is a disappointment
The public will reap a profit as the U.S. government sells off the remainder of its holdings in American International Group Inc., chief executive Robert H. Benmosche said last week
Registered representatives will operate under a fiduciary standard no earlier than the second half of 2012, according to Finra chief executive Richard Ketchum
Mark Casady, chief executive of LPL Investment Holdings Inc., has reiterated aggressive growth targets for the country's largest independent broker-dealer
Maybe kids don't grow up dreaming of becoming financial superheroes, but that doesn't mean they can't start
