"Longevity bonds" would be issued by the government and would act as a hedge for pension plans and insurers.
After more than three weeks of debate, the Senate approved a comprehensive overhaul of financial regulations on Thursday night without acting on fiduciary standards amendments.
For now, it's unlikely that the Senate will consider any amendments that are not already in the pipeline for floor action.
Consultant Leonard Reinhart says the advisory business isn't spending enough time on helping clients after they retire
Standard & Poor's Equity Research's fundamental outlook for the health care services industry for the next 12 months is positive.
Securities and Exchange Commission officials tried to assure Congress on Wednesday that the agency's examination and enforcement divisions are working together more effectively to catch and prosecute rogue advisers like Robert Allen Stanford, who allegedly bilked clients out of $8 billion.
GenSpring Family Offices LLC said today that it has hired Puneet S. Sahi as a family investment officer for its Costa Mesa, Calif., office.
Boston Private Financial Holdings Inc. announced today that it has repaid the remaining $104 million in TARP money it owes the U.S. Treasury.
Fund industry participants lauded the SEC's latest attempt to boost target date fund disclosure — but say that more could be done to help clarify the investments for participants.
Consuelo Mack's all-star panel re-thinks retirement income, and what should really matter most in your clients' portfolios.
The U.S. Securities and Exchange Commission approved rules that will halt trading in Standard & Poor's 500 Index stocks during periods of volatility, a response to the May 6 plunge that wiped out $862 billion in 20 minutes.
Investors pummeled shares of oil drillers and BP yesterday, sending the company to 15 month low, after President Obama talked tough about dealing with the worst oil spill in the nation's history.
Convincing broker-dealers to embrace the advisory business is still an "educational process.
The SEC boss doesn't have what it takes to clean up Dodge, writes Susan Antilla
The May 6 "flash crash" revealed an area of the financial markets that isn't touched by the financial-reform bills in Congress but nevertheless must be examined.
The Department of Labor and the securities regulator are said to be working on a joint consumer alert about target date funds. Other guidance from the DoL is in the offing, too.
The Labor Department today released proposed regulations that prohibit financial advisers giving advice to 401(k) plans, or their employer or the employer's affiliates, from receiving extra compensation because the plan sponsors bought a product recommended by the adviser.
Pacific Investment Management Co. LLC's Enhanced Short Maturity Strategy Fund exchange-traded fund is off to a rousing start — a development that's not going unnoticed by rivals or advisers.
A pair of Nebraska investors have filed a class-action lawsuit against LPL Financial, saying that one of the company's brokers misled them about the costs and benefits of annuities.
Variable annuity sales increased during the first quarter, while sales of fixed annuities slipped.
